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.
Highlights
The importance of investment for economic growth has long been recognized
Problems in current investment climate and the ways to support the stock exchange market in Uzbekistan were researched in the context of attraction of foreign investments
To reach this goal economic growth, investments, stock exchange performance in Uzbekistan is studied in comparison with other emerging countries such as Russia and Kazakhstan
Summary
Investment in a nation’s capital stock may contribute to increased productivity and stronger economic growth in the medium term This holds true for both the formation of tangible fixed assets such as machinery and equipment, and intangible assets originating from investment in research and development (Kolev, A., Tanayama, T., & Wagenvoort, R., 2013). Problems in current investment climate and the ways to support the stock exchange market in Uzbekistan were researched in the context of attraction of foreign investments To reach this goal economic growth, investments, stock exchange performance in Uzbekistan is studied in comparison with other emerging countries such as Russia and Kazakhstan. We begin by discussing current development trends, investment climate, and analyze the structure and main indicators of Uzbek stock exchange before assessing the impact of the government regulation
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