Academic Journal of Digital Economics and Stability
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EFFICIENCY OF SMALL BUSINESS AS A FACTOR OF DEVELOPMENT OF THE COMPETITIVE ENVIRONMENT OF THE NATIONAL ECONOMY OF UZBEKISTAN
Get PDFThe article considers the main processes of formation and development of small business and private entrepreneurship in Uzbekistan. The sphere of services in small business has a significant potential in increasing its contribution to the economic growth of Uzbekistan. The reasons that hamper the development of small business and the place of small business in the national economy of the country and the significance of its regulatory and legal regulation are identified. In conclusion, the author comes to the conclusion that one of the reserves for the further development of the service sector in small businesses is the accelerated and balanced development of the service sector in rural areas through the expansion of rural people's access to modern hightech and market-based services
Assessment of the Economic Efficiency of Investment Projects in the Oil and Gas Industry of the Republic of Uzbekistan
Get PDFThe article reflects the theoretical foundations of the project approach to assessing the economic efficiency of investment projects. The analysis of methods for determining the economic efficiency of investment projects, indicators and ways to improve it was carried out. Identified problems at the stage of implementation of investment projects. The important role of investments in the country's economy is substantiated
Innovative Development Models and Principles of Service Enterprises
Get PDFThis article presents theoretical views on innovative development of enterprises operating in the service sector, models used in foreign countries, and principles of implementation of innovative activities. The characteristics of service enterprises engaged in innovative entrepreneurship are highlighted. The main factors and features accelerating the development of innovative activity in the service sector are analytically studied, and directions for its further acceleration are proposed
Impact of Exchange Rate Volatility on Economic Growth in Nigeria
Get PDFThe worsening state of the Nigerian currency occasioned by an unstable exchange rate has become a source of worry to policy makers, stakeholders, scholars and the organized private sector. This study therefore examines the impact of exchange rate volatility on economic growth in Nigeria using a time series secondary data which was analyzed using an econometric regression technique of the ordinary least square to ascertain the extent to which real exchange rate, nominal exchange rate, purchasing power parity, inflation rate and trade openness have explained variation in economic growth in Nigeria. From the result of the OLS, it is observed that real exchange rate, nominal exchange rate and purchasing power parity have a positive impact on GDP growth rate in Nigeria. On the other hand, inflation rate and trade openness have negative impact on GDP growth in Nigeria thus, increase in inflation rate and trade openness will bring about a decline in GDP growth in Nigeria. The study therefore concludes that real exchange rate, nominal exchange rate, purchasing power parity, inflation rate and trade openness are statistically significant in explaining economic growth in Nigeria. Sequel to the findings of this study, the study recommends that: To enhance economic growth, the government should deliberately fix the exchange rate. This is because a fall in the value of the exchange rate can cause a boost to economic growth. The government should improve the overall wealth of the country by implementing policies that encourage job creation, increase productivity, reduce inflation, attract foreign investment, and promote trade. Governments through fiscal policy can assist in fighting inflation. Governments can reduce spending by cutting cost of governance and increase taxes as a way to help reduce inflation. The government should imbibe trade openness policies that will bring about higher economic growth rates. This is because trade openness promotes the efficient allocation of resources, factor accumulation, technology diffusion, and knowledge spillovers
Main Tasks of Innovation Management in the Sericulture Industry
Get PDFThe article discusses ways to improve the efficiency and management of innovative processes in sericulture. Numerous studies are underway to ensure employment in rural areas, increase the export potential of the industry, manufacture an assortment of silk products on the world market and increase their competitiveness. Work aimed at improving the technology of silkworm processes through the widespread introduction of complex mechanization and automation will reduce labor costs and improve product quality
Germany's Experience in Managing Free Economic Zones
Get PDFThe experience of the countries of the world shows that as one of the important factors of the competitiveness of countries in the world economy, their openness to the external environment, the removal of obstacles in economic relations, and the importance of free economic zones in increasing the level of innovative development of the economy is increasing. At the moment, a number of research and development works are being carried out to attract foreign investments to SEZs, increase their effectiveness, and develop entrepreneurship. Special attention is paid to issues such as improving the management system of SEZs, stimulating innovative activities
Analysis of Investment Activity in Foreign Countries
Get PDFThis article analyzes investment activities in foreign countries, including the USA, Great Britain, Germany, France, China, and Japan. Based on the world practice of attracting investments to the economy, it is stated that the state should create a clear and stable legal framework, and first of all, it is necessary to develop an appropriate system of state regulation of investment activities in the person of special authorized bodies
ORGANIZATION OF ACCOUNTING IN THE FIELD OF BANKING: PROBLEMS AND PROSPECTS
Get PDFThe article examines the basics of setting up accounting in commercial banks with the aim of the efficiency of the banking business and the ability to make economically sound management decisions to increase investment attractiveness
Improving Uzbekistan's Balance Sheet in Accordance with IFRS: A Step Towards Global Compatibility
Get PDFThis article discusses the process of improving the balance sheet of Uzbekistan in accordance with the International Financial Reporting Standards (IFRS). The current features of the balance sheet in Uzbekistan are indicated and a comparative analysis with IFRS is carried out. The prospects for adapting IFRS in Uzbekistan and recommendations for improving the balance sheet to comply with international standards are also presented
Directions of Development of Attracting Investments to the Economy of Regions through Free Economic Zones
Get PDFThis article discusses the main aspects of the development of free economic zones (FEZ) in Uzbekistan with an emphasis on attracting investment projects. The key factors contributing to the successful integration of FEZ into the economic structure of the region are analyzed, as well as the main problems and challenges facing the implementation of this strategy are identified. The article emphasizes the importance of proper legislative regulation, the creation of a favorable investment environment and providing the necessary infrastructure. It also discusses the different types of investment projects, their characteristics, and the role of different actors in the investment process. The article is intended to contribute to the understanding of how it is possible to increase the efficiency of FEZ in Uzbekistan to attract investment and stimulate economic development