KS
Khasan Sabirov
PHD
article.coauthors: Khasan Sabirov
article.abstract
This research examines the importance of the factors influencing the sustainable development of the small business sector in the Republic of Uzbekistan and expresses the sector's prospective indicators. Articles from prominent foreign scholars were reviewed, and the results they achieved were briefly highlighted. The research also utilized the correlation-regression analysis method, widely used in econometric modeling, and the ARIMA model as a part of the forecasting process. The research data was obtained from the portal of the State Statistics Committee of the Republic of Uzbekistan and used in the calculation process. Additionally, during the data analysis, various tests were employed, including determination (𝑅2), correlation coefficients (𝑟𝑦/𝑥), the Durbin-Watson test (DW), and the Fisher criterion (F-distribution) tests.
article.keywords
Small business and entrepreneurship are becoming increasingly important in the stable development of our country’s economy and the improvement of the well-being of the population. Currently, small businesses and entrepreneurship account for 55% of the gross domestic product, and nearly 75% of the employed population in various sectors of the economy are engaged in entrepreneurial activities. In contrast, in 2000, this sector’s share of GDP was 31%, and the share of employment was almost one-third less than the current figure.
The experience of developed countries shows that by supporting small businesses, they generate revenue in the form of taxes, innovation development, and providing employment for the population. Statistical data reflects the significant contribution of small business entities to the economic development of leading countries in the world. For instance, in the USA, there are nearly 17 million small businesses, which account for more than 50% of the gross national product.
article.references
1. Dobbs, M. and Hamilton, R.T. (2007), “Small business growth: recent evidence and new directions”, International Journal of Entrepreneurial Behavior & Research, Vol.13, No.5, pp.296-322.
2. Farouk. E., Gayar, N., Saleh, M., Atiya, A., El-Shishiny, H., Alkes, A. and Abdel, H. (2011), “An integrated framework for advanced hotel revenue management”, International Journal of Contemporary Hospitality Management, Vol.23, No.1, pp.84-98.
3. McMahon, R.G. (1998), “Stage models of SME growth reconsidered”, Small Enterprise Research, Vol.6, No.2, pp. 20-35.
4. Fadahunsi, A. (2012), “The growth of small businesses: Towards a research agenda”, American Journal of Economics and Business Administration, Vol.4, No.1, pp.105-115.
5. Jennings, J.E. and Cash, M.P. (2006), “Women’s entrepreneurship in Canada: progress, puzzles and priorities”, in Brush, C.G., Carter, N.M., Gatewood, E.J., Greene, P.G. and Hart, M.M. (Eds), Growth-oriented Women Entrepreneurs and their Businesses, Edward Elgar, Northampton, MA, pp. 53-87.
6. Man, T.W.Y. and Lau, T. (2005), “The context of entrepreneurship in Hong Kong: an investigation through the patterns of entrepreneurial competencies in contrasting industrial environments”, Journal of Small Business and Enterprise Development, Vol. 12 No. 4, pp. 464-81.
7. Brinckmann, J. (2008), Competence of Top Management Teams and the Success of New Technology-Based Firms: A Theoretical and Empirical Analysis Concerning Competencies of Entrepreneurial Teams and the Development of their Ventures, Gabler, Wiesbaden.
8. Carter, S., Wilson, F., Shaw, E. and Lam, W. (2006), “Gender, entrepreneurship and business finance: investigating the relationship between banks and entrepreneurs in the UK”, in Brush, C., Carter, S., Gatewood, E., Greene, P. and Hart, M. (Eds), Growth-Oriented Women Entrepreneurs and Their Businesses, Edward Elgar, Cheltenham, pp. 373-92.
9. Greene, P.G., Hart, M.M., Gatewood, E.J., Brush, C.G. and Carter, N.M. (2003), “Women entrepreneurs: moving front and center: an overview of research and theory”, Coleman White Paper Series, available at: www.usasbe.org/knowledge/whitepapers/greene2003.pdf (accessed 20 October 2011).
10. Welter, F., and Smallbone, D., (2011). "Institutional Perspectives on Entrepreneurial Behavior in Challenging Environments", Journal of Small Business Management, 49 (1), 107- 125.
11. Naudé, W.A. 2007. “Peace, Prosperity, and Pro-Growth Entrepreneurship.” WIDER Research Paper 2007/02,UNU WIDER: Helsinki.
12. Acs, Z.J. and Audretsch, D.B. (1990), "Innovation and Small Firms", MIT Press, Cambridge, MA.
13. Thurik, A.R., Carree, M.A., Van Stel, A.J. and D.B. Audretsch, (2008). "Does self-employment reduce unemployment?". Journal of Business Venturing, 23(2), 673-686
14. Smallbone, D. and Welter, F., (2001). "The distinctiveness of entrepreneurship in transition economies". Small business economics, 16 (4), 249–262.
15. Aidis, R., (2005). "Institutional barriers to small and medium sized enterprise development in transition countries". Small business economics, 25 (4), 305–318
16. Solymossy, E., (2005). "Entrepreneurship in extreme environments: building an expanded model". International entrepreneurship and management journal, 1 (4), 501–518.
17. Hoxha, D., (2009b). "The nature of entrepreneurship under extreme and marginalized conditions – the case of Kosova". International journal of entrepreneurship and innovation, 10 (1), 73–76.
18. Sabirov, H. (2020). Modelirovaniye ob’yemov proizvodstva piщyevoy promыshlennosti. Iqtisodiyot va innovatsion texnologiyalar, (6), 124-131.
article.license
Creative Commons Attribution 4.0 International (CC BY 4.0)
article.license.text