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Role of Stock Exchanges in Economic Development of Uzbekistan

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  • Ulugbek Khalikov

Abstract

The paper is devoted to study the contemporary role of investments to economic development in the context of Uzbek stock exchange. The comparative analysis of economic development and stock market trends in Uzbekistan, Kazakhstan and Russia for the period of 2000-2015 are conducted using documentary analysis, quantitative and qualitative analysis, and other statistical methods of research. The results reveal that Uzbekistan has made notable change in regulation and improvement of investment climate and has stable economic development trends for the studied period. However, Stock market development in Uzbekistan remains weak and recent government effort to accelerate privatization is expected to boost the market and support foreign investments attraction.

Suggested Citation

  • Ulugbek Khalikov, 2017. "Role of Stock Exchanges in Economic Development of Uzbekistan," International Business Research, Canadian Center of Science and Education, vol. 10(1), pages 172-180, January.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:1:p:172-180
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    References listed on IDEAS

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    1. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
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    Cited by:

    1. Akhmedov Akbarali Sultonmurodovich, 2019. "Unique Features of Asset Securitization of Europe and Japan," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 6(1), pages 40-45, November.
    2. Ammara Hussain & Ammar Oad & Munir Ahmad & Muhammad Irfan & Farhan Saqib, 2021. "Do Financial Development and Economic Openness Matter for Economic Progress in an Emerging Country? Seeking a Sustainable Development Path," JRFM, MDPI, vol. 14(6), pages 1-18, May.

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    Keywords

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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