THE SHARE OF SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP IN OUR COUNTRY'S GDP
Keywords:
small business, private entrepreneurship, GDP, economic growth, employment, innovation, business environmentAbstract
This article analyzes the share of small business and private entrepreneurship in gross domestic product (GDP) in Uzbekistan. During the study, the role of small business in economic growth, employment generation, and increasing incomes of the population was analyzed and substantiated. Also, the main trends in the development of this sector in recent years were studied and its contribution to the economy was evaluated. The results of the study show that small business is an important factor in ensuring economic stability, and scientific and practical proposals were developed to increase its efficiency.
References
1. T. Beck, A. Demirguc-Kunt, and R. Levine, “Small and Medium-Size Enterprises: Access to Finance as a Growth Constraint,” Journal of Banking & Finance, 2005. https://doi.org/10.1016/j.jbankfin.2005.03.005
2. J.K. Bourdini et al., “The Role of SMEs in Economic Development: Evidence from Transition Economies,” Economic Systems, 2010. https://doi.org/10.1016/j.ecosys.2010.04.002
3. M. Ayyagari, A. Demirguc-Kunt, and V. Maksimovic, “Small vs. Young Firms Across the World: Contribution to Employment, Job Creation, and Growth,” World Bank Policy Research Working Paper, 2011. https://doi.org/10.1596/1813-9450-5631
4. D.J. Storey, Understanding the Small Business Sector, Routledge, 1994. https://doi.org/10.4324/9780203444304
5. A.V. Vaxobov, “O‘zbekiston iqtisodiyotida kichik biznes va xususiy tadbirkorlikni rivojlantirish,” Iqtisodiyot va ta’lim, 2018. https://journal.tsue.uz
6. B.X. Xodiyev, Kichik biznes va xususiy tadbirkorlik rivojlanishining iqtisodiy asoslari, Toshkent, 2017. https://library.uz
7. F. Schneider, “The Shadow Economy and Small Business: Evidence from OECD Countries,” IZA Discussion Paper, 2012. https://doi.org/10.2139/ssrn.1996082
8. S. Djankov, R. La Porta, F. Lopez-de-Silanes, and A. Shleifer, “The Regulation of Entry,” Quarterly Journal of Economics, 2002. https://doi.org/10.1162/003355302753399436
9. Rauch and M. Frese, “Let’s Put the Person Back into Entrepreneurship Research: A Meta-Analysis,” European Journal of Work and Organizational Psychology, 2007. https://doi.org/10.1080/13594320701595438
10. N. Ahmad and R. G. Seymour, “Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection,” OECD Statistics Working Papers, 2008. https://doi.org/10.1787/243164686763
