Main mechanisms for stimulating reserves for industrial production growth

https://doi.org/10.35912/jomabs.v2i2.2786
Published: Feb 15, 2025

Abstract:

Purpose: This study discusses how to stimulate and improve medium- and long-term reserves for the growth of gross industrial production in Uzbekistan. It highlights the factors that influence the formation of industrial development reserves, including labor productivity, utilization of production capacity, and modernization of fixed assets.

Method: This study applies a methodology that integrates strategic planning with a structured evaluation model to support national innovation development. By systematically analyzing production and economic activities, it identifies the interrelated elements and conditions that contribute to industrial reserves.

Results: The economic analysis revealed significant potential reserves for production growth in industrial enterprises. Through a quantitative assessment of resources and their interconnections, this study shows that labor efficiency, improved use of capacities, and investment in fixed assets are key drivers of sustainable industrial development.

Conclusion: Strengthening medium- and long-term reserves is essential for Uzbekistan’s industrial growth. Effective strategies should focus on enhancing productivity, innovation, and optimal use of production systems, aligning industrial management with national innovation policies.

Limitation: This study relies mainly on macro-level and generalized enterprise data, which may overlook sectoral or regional differences. The absence of longitudinal analysis also limits the ability to assess the long-term effectiveness of the proposed measures.

Contribution: This study contributes to industrial economics by providing a structured framework for identifying, quantifying, and managing production reserves. Practically, it offers policymakers and industry leaders a roadmap for improving efficiency, supporting innovation, and ensuring sustainable industrial expansion in Uzbekistan.

Keywords:
1. Gross Industry
2. Industrial Production
3. Medium and Long-Term
4. Production Growth
5. Technological Modernization
Authors:
Yakubova Dildar Muxamedjanovna
Tashkent State Technical University, Uzbekistan
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Muxamedjanovna, Y. D. (2025). Main mechanisms for stimulating reserves for industrial production growth. Journal of Multidisciplinary Academic Business Studies, 2(2), 69–78. https://doi.org/10.35912/jomabs.v2i2.2786
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Vol. 2 No. 2 (2025): February
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References

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    Eshchanov, R., Bekchanov, D., & Bobojonova, G. (2020). The Current Core of Education Reforms in Uzbekistan: One Step Forward Two Steps Back?. European Journal of Research and Reflection in Educational Science, 8(8), 169-182.

    Hayat, A., & Tahir, M. (2021). Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region. Journal of Risk and Financial Management, 14(2), 1-17. doi:https://doi.org/10.3390/jrfm14020084

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    Omilovna, K. N., Muxamedjanovna, Y. D., & Saidboriyevna, I. K. (2022). Development of mathematical models in the development of investment activities of the automotive industry in Uzbekistan. ACADEMICIA: An International Multidisciplinary Research Journal, 12(5), 21-25.

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    Sun, Y., & Liao, W.-C. (2021). Resource-Exhausted City Transition to Continue Industrial Development. China Economic Review, 67. doi:https://doi.org/10.1016/j.chieco.2021.101623

    Tsimoshynska, O., Koval, M., Kryshtal, H., Filipishyna, L., Arsawan, I., & Koval, V. (2021). Investing in Road Construction Infrastructure Projects Under Public-Private Partnership in the Form of Concession. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 2(2), 184-192. doi:https://doi.org/10.33271/nvngu/2021-2/184

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  1. Abdelkawy, N. A. (2024). Diversification and the Resource Curse: An Econometric Analysis of GCC Countries. Economies, 12(11), 1-30. doi:https://doi.org/10.3390/economies12110287
  2. Adelaja, A., George, J., Fox, L., Fuglie, K., & Jayne, T. (2021). Shocks, Resilience and Structural Transformation in Sub-Saharan Africa. Sustainability, 13(24), 1-22. doi:https://doi.org/10.3390/su132413620
  3. Atabayeva, A., Kurmanalina, A., Kalkabayeva, G., Lambekova, A., Myrzhykbayeva, A., & Akbayev, Y. (2024). Utilizing Investment in Fixed Assets and R&D as a Catalyst for Boosting Productivity to Stimulate Economic Growth. Economies, 12(10), 1-24. doi:https://doi.org/10.3390/economies12100266
  4. Badarudin, N. F., Hellström, D., & Pålsson, H. (2024). Space, But Not Rocket Science: A Framework for Capacity Utilization in Physical Distribution. Cleaner Logistics and Supply Chain, 13, 1-21. doi:https://doi.org/10.1016/j.clscn.2024.100171
  5. Bagna, E., Ramusino, E. C., Denicolai, S., & Strange, R. (2024). Intangible Assets and Firm Performance: The Relative Effects of Recognized and Unrecognized Assets. Journal of Open Innovation: Technology, Market, and Complexity, 10(3), 1-13. doi:https://doi.org/10.1016/j.joitmc.2024.100356
  6. Benigno, G., Fornaro, L., & Wolf, M. (2022). Reserve Accumulation, Growth and Financial Crises. Journal of International Economics, 139. doi:https://doi.org/10.1016/j.jinteco.2022.103660
  7. Bloodgood, J., & Katz, J. (2004). Manufacturing capacity, market share, and competitiveness. Competitiveness Review: An International Business Journal Incorporating Journal of Global Competitiveness, 14, 60-71. doi:http://dx.doi.org/10.1108/eb046468
  8. Buonomo, I., Benevene, P., Barbieri, B., & Cortini, M. (2020). Intangible Assets and Performance in Nonprofit Organizations: A Systematic Literature Review. Frontiers in Psychology, 11, 1-9. doi:https://doi.org/10.3389/fpsyg.2020.00729
  9. Danta, S., & Rath, B. N. (2024). Do Institutional Quality and Human Capital Matter for Innovation in Case of Asian Region?. Innovation and Green Development, 3(3), 1-9. doi:https://doi.org/10.1016/j.igd.2024.100141
  10. Diallo, M. (2024). Impact of Trade Liberalization Policies on Investment and Development in Developing Countries. Journal of Poverty, Investment and Development, 9, 45-55. doi:http://dx.doi.org/10.47604/jpid.2702
  11. Domnich, Y. (2022). The Impact of Product and Process Innovations on Productivity: A Review of Empirical Studies. Foresight-Russia, 16(3), 68-82. doi:https://doi.org/10.17323/2500-2597.2022.3.68.82
  12. Eshchanov, R., Bekchanov, D., & Bobojonova, G. (2020). The Current Core of Education Reforms in Uzbekistan: One Step Forward Two Steps Back?. European Journal of Research and Reflection in Educational Science, 8(8), 169-182.
  13. Hayat, A., & Tahir, M. (2021). Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region. Journal of Risk and Financial Management, 14(2), 1-17. doi:https://doi.org/10.3390/jrfm14020084
  14. Kim, H., & Coxhead, I. (2024). Human Capital, Technology, and Sustained Growth in South Korea. Technology, and Sustained Growth in South Korea, SSRN Journal, 1-62. doi:https://dx.doi.org/10.2139/ssrn.4945424
  15. Koopman, E., & Wacker, K. M. (2023). Drivers of Growth Accelerations: What Role for Capital Accumulation?. World Development, 169, 1-17. doi:https://doi.org/10.1016/j.worlddev.2023.106297
  16. Kuboniwa, M. (2009). Growth and Diversification of the Russian Economy. Transport, 6(6.2), 5.5.
  17. Mendez-Guerra, C. (2020). Labor Productivity, Capital Accumulation, and Aggregate Efficiency Across Countries: New Evidence for an Old Debate. Forum of International Development Studies, 50(4), 1-19. doi:https://doi.org/10.18999/forids.50.4
  18. Mirziyoyev, S. (2017). On the Strategy of Actions for the Further Development of the Republic of Uzbekistan. Retrieved from https://lex.uz/en/docs/7186952
  19. Morikawa, M. (2021). Employer-Provided Training and Productivity: Evidence from a Panel of Japanese Firms. Journal of the Japanese and International Economies, 61. doi:https://doi.org/10.1016/j.jjie.2021.101150
  20. Muxamedjanovna, Y., Omilovna, K., & Amanovna, S. (2022). Economic and mathematical modeling in the analysis and forecasting of the automotive industry in Uzbekistan. World Economics and Finance Bulletin, 9, 157-160.
  21. Omilovna, K. N., Muxamedjanovna, Y. D., & Saidboriyevna, I. K. (2022). Development of mathematical models in the development of investment activities of the automotive industry in Uzbekistan. ACADEMICIA: An International Multidisciplinary Research Journal, 12(5), 21-25.
  22. Rahmetov, A., & Rakhmetova, M. (2022). Integrating Sustainable Trade Principles in Uzbekistan. Journal of Applied Economic Sciences (JAES), 17, 35. doi:http://dx.doi.org/10.57017/jaes.v17.1(75).04
  23. Sun, Y., & Liao, W.-C. (2021). Resource-Exhausted City Transition to Continue Industrial Development. China Economic Review, 67. doi:https://doi.org/10.1016/j.chieco.2021.101623
  24. Tsimoshynska, O., Koval, M., Kryshtal, H., Filipishyna, L., Arsawan, I., & Koval, V. (2021). Investing in Road Construction Infrastructure Projects Under Public-Private Partnership in the Form of Concession. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 2(2), 184-192. doi:https://doi.org/10.33271/nvngu/2021-2/184
  25. Yuan, Y., Yu, L., Kumar, S., & Zhang, Y. (2022). How does industrial intelligence affect capacity utilization?—Analysis based on green development perspective. Frontiers in Environmental Science, 10, 1006630. doi:https://doi.org/10.3389/fenvs.2022.1006630