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DEVELOPMENT OF THE CONSTRUCTION INDUSTRY IN UZBEKISTAN
Iskandarov Bekzod Abdujalilovich
teacher at Samarkand Institute of Economics and Service
Abstract
: Currently, issues related to assessing the economic potential of construction industry
enterprises are one of the important tasks on the agenda. In this regard, the study of existing
approaches and methods for assessing the economic potential of an enterprise is of scientific and
practical importance.
Keywords
: research level, technical capacity of the enterprise, innovations on living standards
The construction industry is a separate independent sector of the country's economy, which is the
only sector that carries out the commissioning of new facilities, as well as the construction,
reconstruction and repair of production and non-production facilities. According to the Decree of
the President of the Republic of Uzbekistan No. PF-5963 dated March 13, 2020 “On additional
measures to deepen reforms in the construction sector of the Republic of Uzbekistan”, a number
of tasks have been set in our country to further deepen reforms in the construction sector, reduce
bureaucratic obstacles, widely introduce innovative ideas, developments and advanced
information and communication technologies, as well as ensure transparency at all stages of
construction.
Publications in domestic and foreign scientific literature indicate the extraordinary complexity of
studying this issue, there are different opinions of scientists on choosing the final measure of
economic potential. Thus, according to EV Basalayeva, - “It is not enough to describe economic
potential theoretically, but it is necessary to develop reliable, understandable and convenient
quantitative criteria for assessing its value. Therefore, it is urgently necessary to develop a new
direction - economic potentiometry, the purpose of which is to study the qualitative and
quantitative manifestations of economic potential”
Some authors
using labor resources, natural resources, and cost indicators as evaluation
criteria.
The need for assessing the economic potential of construction industry enterprises is that, on the
one hand, it allows you to determine the total value of all economic resources of the enterprise
and at the same time study the structure and dynamics of the components of economic potential,
and on the other hand, it makes it possible to compare the cost of resources with other economic
1
Basalaeva, E.V. O problemax issledovaniya ekonomicheskogo potensiala i nekotoryx sposobah ix reshenia / E.V.
Basalaeva // Nauchnaya sessiya MIFI – 2006. T. 13 / Vserossiyskiy zaochnyy finansovo -e konomicheskiy institute.
- M., 2006. - P.45-50
2
Golovnina L.A., Zhigunova O.A., Semenova S.V. Teoreticheski e aspekti prognozirovaniya veroyatnosti
bankruptcytva i uchet, svyazannyy s proceduremi bankruptcytva na predpriyatiyax: monograph. - M.: Neft i Gaz,
2008. - 125 p. 61
3
Gunina I.A. Teoretiko-metodologicheskie osnovy formirovania kontseptsii razvitiya ekonomicheskogo potensiala
predpriyatiya // Mashinostroitel. - 2004. - No. 10. P.10-14
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indicators of enterprises
. However, at the same time, most economists assess the components of
economic potential according to a system of indicators, since it is impossible to assess economic
potential by a single indicator, since the diversity of the properties and characteristics of different
types of resources determines the level of economic development.
Today, the rapid economic development of the construction industry is explained by the
increasing role of this sector in the country's economy, including in the gross domestic product.
We used the vertical analysis method to analyze economic indicators in this sector. During the
research, we consider it appropriate to analyze economic indicators based on the approach
presented in paragraph 1.3 of the first chapter. From the data in Table 3.1 below, it can be said
that in the studied years 2011-2020, the growth of the construction industry was rapid, and the
interest coefficient was equal to 1.25. In turn, this means that during this period, the average
interest coefficient of GDP in the country was also equal to 1.2 . In addition, it can be seen that
during the period under study, the interest coefficient in the industrial sector was 1.23, and the
average interest coefficient in the agricultural, forestry, and fisheries sector was 1.19.
Table 3.1
The main socio-economic development of the Republic of Uzbekistan
INDICATORS
Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Aver
age
coeffi
cient
of
variat
ion
GDP
(billion
soums)
12759
0.2
15331
1.3
18682
9.5
22135
0.9
25542
1.9
31747
6.4
42472
8.7
52939
1.4
60219
3
73458
7.7
1.22
Volume of
constructio
n
works
(billion
soums)
11753.
9
15219.
3
20060
.4
25423
.1
29413
.9
34698 51129
.3
71156.
5
88130
.3
10749
2.7
1.28
Volume of
industrial
products
(billion
soums)
57552.
5
70634.
8
84011
.6
97598
.2
11186
9
14881
6
23534
1
32253
6
36874
0
45605
6.1
1.26
4
Jigunova O.A. Theory and methodology of analysis and forecasting of economic potential of enterprises:
monograph. - M.: ID "Finansy and Credit", 2010. - 140 p.
5
Compiled by the author based on data from the State Statistics Committee of the Republic of Uzbekistan.
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Agriculture
,
forestry
and
fisheries
(billion
soums)
58549.
3
69391.
3
85101
.7
10330
2
11972
6.7
15436
9.4
19509
5.6
22426
5.9
26189
2.2
31702
7.6
1.21
Number of
posts
(thousand
people)
12223.
8
12523.
3
12818
.4
13058
.3
13298
.4
13520.
3
13273
.1
13541.
1
13236
.4
13538.
9
1.01
Number of
employees
in
the
constructio
n industry
(thousand
people)
1105.7 1144 1183.
3
1222.
2
1263.
6
1290 1205.
5
1324.6 1305.
6
1350.8 1.02
Total
income of
the
population
(billion
soums)
10426
3
12626
8
14639
2.9
16934
4.3
19796
2.4
23689
3.1
30084
2.7
36573
5.6
42033
8.3
51566
0.7
1.20
This also means that today the construction industry is growing rapidly and is considered to have
the fastest development and interest rate of all other major industries. We can see that during the
mentioned period, the average interest rate for the increase in the permanent population was 1.02,
the average interest rate for the increase in the number of jobs in the economic sectors was 1.01,
the average interest rate for the total income of the population was 1.18, and the average interest
rate for the gross domestic product per capita was 1.16.
From the analysis of the table, it can be seen that there is a discrepancy between the coefficient
of GDP and income of the population, in addition, there is a large discrepancy between the
coefficient of the permanent population and the coefficient of employment in the sectors of the
economy. This also shows that today there is a large difference between the increase in the
population and the increase in the number of employed people. Another noteworthy aspect of
this table is that during the 11 years under analysis, the average interest coefficient of
investments in the construction sector in our country was 1.67, which is a higher indicator than
the interest index of investments in all other sectors and industries. The data in this table are not
only general, but also show how much the interest coefficient has changed each year, and all
quantitative indicators of this table can be found in Appendix 1.
Table 3.2 below presents the technological composition of investments in fixed capital in
percentage terms and their changes in coefficients, with the main focus on investments in fixed
capital for construction and installation works, equipment and facilities, and all other capital
works and expenses, as well as investments in percentage terms and coefficients. It is noteworthy
that the technological composition of investments in fixed capital in our country, that is,
investments in construction and installation works, did not show a constant growth rate during
2013-2021, on the contrary, the highest rate was in 2016, and it has decreased somewhat in the
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subsequent period, namely 48.7 percent in 2012, 52.0 percent in 2016, and 44.1 percent in 2021.
Accordingly, the coefficients of change of interest on investments in construction and installation
works also differed in different periods and were equal to 1.02 in 2013, 1.02 in 2016, and 1.08 in
2021. At the same time, we can see that the amount of investments in equipment and machinery
increased, namely 35.2 percent in 2013, 34.4 percent in 2016, and 48.4 percent in 2021,
respectively. In addition, it can be seen that the coefficients of change of interest were also
different: 1.05 in 2013, 1.09 in 2016, and 0.98 in 2021.
Reference
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