The stock market in Uzbekistan as the backbone of country’s economic development
Keywords:
financial market, GDP per capita, investments, market capitalization, stock market, Uzbek economyAbstract
The improvement of the stock market is becoming one of the paramount factors leading to the Uzbek economy’s resilience to external shocks and the formation of a new economic development model. The study is aimed at analyzing the influence of the stock market of the Republic of Uzbekistan on the economic growth of the state. The process of development of the stock market and the need for reforms is considered to be the object of the study. The main goal of the research is to substantiate the need to create an institutional framework for the accelerated economic development of the country through a qualitative improvement of the mechanisms of functioning of the stock market, as well as form the list of references for the successful establishment of a financial center capable of focusing on a wide range of financial instruments. At work procedures, such methods as statistical and regression analyses have been applied. The study covers the period from 2016 till 2019 and is based on the analysis of data from international organizations, analytical centers, and local official data sources.
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