Development of investment activities in the automobile industry of Uzbekistan in the conditions of the digital economy

https://doi.org/10.35912/gabs.v1i2.3469
Published: Sep 19, 2024

Abstract:

Purpose: This study examines innovative indicators of industrial growth reserves. Activating innovative factors is the most difficult but promising way to increase industrial production.

Research Methodology: This study examines the factors influencing nanoinvestment activities on increasing the efficiency of economic indicators of enterprises in the automotive industry, the classification of investments, methods of assessment in the study of existing problems in the national automotive industry market, and methods of analysis based on the presented approaches.

Results: The analysis made it possible identified significant reserves in increasing the level of capacity utilization, increasing labor productivity, modernizing fixed assets, and diversifying and increasing the competitiveness of the industry.

Conclusions: This study concludes that industrial modernization, supported by nanoinvestments and innovation policies, provides a sustainable trajectory for growth. Enhancing innovation ecosystems, encouraging strategic investment, and upgrading production capacity are key to addressing the current structural weaknesses.

Limitations: The scope of the analysis is limited to the national automotive industry and does not fully incorporate global market fluctuations, long-term investment risks, or external macroeconomic shocks, which may influence the results.

Contribution: This study integrates nanoinvestment into the broader discussion of industrial growth reserves, offers a structured classification of investment mechanisms, and provides practical insights for policymakers and industry stakeholders seeking to achieve competitiveness through innovation.

Keywords:
1. Automobile Industry
2. Competitiveness
3. Development Concept
4. Investment Attractiveness
5. Investment And Innovation Process
6. Localization
Authors:
Kasimova Nozima Omilovna
Tashkent State University of Economics, Uzbekistan
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How to Cite
Omilovna, K. N. . (2024). Development of investment activities in the automobile industry of Uzbekistan in the conditions of the digital economy. Global Academy of Business Studies, 1(2), 135–145. https://doi.org/10.35912/gabs.v1i2.3469
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Issue & Section
Vol. 1 No. 2 (2024): October
Articles
References

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    Braidy, A., Pokharel, S., & ElMekkawy, T. Y. (2025). Research Perspectives on Innovation in the Automotive Sector. Sustainability, 17(7), 2795. doi:https://doi.org/10.3390/su17072795

    Corrado, C., Haskel, J., jona lasinio, C., & Iommi, M. (2022). Intangible Capital and Modern Economies. Journal of Economic Perspectives, 36, 3-28. doi:http://dx.doi.org/10.1257/jep.36.3.3

    Erdogdu, M. (1999). The Turkish and South Korean Automobile Industries and the Role of the State in their Development. METU Studies in Development, 26, 25-73.

    Fahim, A. Y., Al Mamun, A., Hossain, A., Chakma, T., & Hassan, E. M. (2022). Unpacking Brand Imperialism in Bangladesh: Emerging Market Perspective. International Journal of Financial, Accounting, and Management, 4(2), 219-239.

    George, A. A. (2021). Social and cultural influences and their implications for sustainable tourism: A case study of Trinidad & Tobago's tourism and the growth of the LGBTQ traveler segment. Journal of Sustainable Tourism and Entrepreneurship, 2(3), 147-157.

    Ibadullaeva, G. (2025). The Internationalisation of Uzbekistan Automobile Industry: Implications for WTO Membership. European Journal of Development Studies, 5(1), 1-7. doi:https://doi.org/10.24018/ejdevelop.2025.5.1.407

    Kim, J. (2020). State Capacity and the Role of Industrial Policy in Automobile Industry: a Comparative Analysis of Turkey and South Korea. Journal of Industry Competition and Trade, 19. doi:https://link.springer.com/article/10.1007/s10842-019-00327-y

    Li, L. (2024). Reskilling and upskilling the future-ready workforce for industry 4.0 and beyond. Information Systems Frontiers, 26(5), 1697-1712. doi:https://doi.org/10.1007/s10796-022-10308-y

    Liang, H., Hussain, M., & Iqbal, A. (2025). The dynamic role of green innovation adoption and green technology adoption in the digital economy: the mediating and moderating effects of creative enterprise and financial capability. Sustainability, 17(7), 3176. doi:https://doi.org/10.3390/su17073176

    Margianti, E., Ikramov, M., Abdullaev, A., Kurpayanidi, K., Misdiyono, M., & Khudayqulov, A. (2020). Role of goal orientation as a predictor of social capital: Practical suggestions for the development of team cohesiveness in SME's. Monograph. Gunadarma Pulisher, Indonesia.

    Min, J., Li, Z.-Q., Liu, Y., Zhang, Y.-D., & Yang, J.-B. (2023). Automotive manufacturing enterprise financial risk evolution monitoring and early warning simulation: based on the perspective of value chain analysis. Management System Engineering, 2(1), 10. doi:https://doi.org/10.1007/s44176-023-00021-8

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    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.

    Pulatov, A. (2024). The Evolution of the Automotive Industry in Uzbekistan: Trends in Manufacturing Growth. European Journal of Applied Science, Engineering and Technology, 2, 178-184. doi:http://dx.doi.org/10.59324/ejaset.2024.2(6).17

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    Rotjanakorn, A., Sadangharn, P., & Na-Nan, K. (2020). Development of dynamic capabilities for automotive industry performance under disruptive innovation. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 97. doi:https://doi.org/10.3390/joitmc6040097

    Smith, J. S. (2019). International Trade Promotion Methods for Smes in Low and Lower-Middle-Income Economies. International Journal of Financial, Accounting, and Management, 1(3), 131-145. doi:https://doi.org/10.35912/ijfam.v1i2.108

    Syed, S. (2021). Financial Implications of Predictive Analytics in Vehicle Manufacturing: Insights for Budget Optimization and Resource Allocation. Available at SSRN 5028574. doi:https://dx.doi.org/10.2139/ssrn.5028574

    Taymaz, E., & Yilmaz, K. (2017). Political economy of industrial policy in Turkey: The case of the automotive industry. doi:https://dx.doi.org/10.2139/ssrn.3043232

    Team, D. S. C. (2021). Development Strategy of New Uzbekistan for 2022-2026. Retrieved from https://uzembassy.kz/upload/userfiles/files/Development%20Strategy%20of%20Uzbekistan.pdf

    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.

    Uddin, B. (2023). Consumers' purchase behavior in Bangladesh: green products perspectives. Journal of Sustainable Tourism and Entrepreneurship, 4(2), 117-130. doi:https://doi.org/10.35912/joste.v4i2.475

    Wang, Z., Peng, D., Kong, Q., & Tan, F. (2025). Digital infrastructure and economic growth: Evidence from corporate investment efficiency. International Review of Economics & Finance, 98, 103854. doi:https://doi.org/10.1016/j.iref.2025.103854

    ????????, ?. (2022). ??????????? ??????????? ???????? ????????????? ?????????????? ?????????? ??????????. Paper Presented At The ?????????? ?????? ????? ????????? ????????????? ???????????, ????????? ? ????????.

    ????????, ?. (2023). ???????? ????????? ? ?????????? ???????? ???????? ????? ????? ? ????????????? ?????????????? ???????????.

    ????????, ?. (2024). ????????????????? ?????????? ?????????????-?????????????? ?????????? ? ????????????? ?????????????? ???????????. Interpretation And Researches, 2, 24.

    ????????, ?. ?., & ???????, ?. ?. (2022). ???? ??????????? ?????????? ?? ???????????? ????????????? ?????????????? ???????????.

    ???????, ?., & ????????, ?. (2021). ???????? ??????????? ?????????? ?? ???????????? ????????????? ?????????????? ???????????. ???????????? ??????? ? ???????? ???????????? ??????????? ?????????? ?????????? ??????????? ??????????????? ????????????? ??????????? ????????? ??????????????? ?????????????, 266.

  1. Ameliah, A. D., & Jatnika, R. (2024). Descriptive Study of College Student’s Career Adaptability with An Internship Experience. Annals of Human Resource Management Research, 4(1), 1-11.
  2. Braidy, A., Pokharel, S., & ElMekkawy, T. Y. (2025). Research Perspectives on Innovation in the Automotive Sector. Sustainability, 17(7), 2795. doi:https://doi.org/10.3390/su17072795
  3. Corrado, C., Haskel, J., jona lasinio, C., & Iommi, M. (2022). Intangible Capital and Modern Economies. Journal of Economic Perspectives, 36, 3-28. doi:http://dx.doi.org/10.1257/jep.36.3.3
  4. Erdogdu, M. (1999). The Turkish and South Korean Automobile Industries and the Role of the State in their Development. METU Studies in Development, 26, 25-73.
  5. Fahim, A. Y., Al Mamun, A., Hossain, A., Chakma, T., & Hassan, E. M. (2022). Unpacking Brand Imperialism in Bangladesh: Emerging Market Perspective. International Journal of Financial, Accounting, and Management, 4(2), 219-239.
  6. George, A. A. (2021). Social and cultural influences and their implications for sustainable tourism: A case study of Trinidad & Tobago's tourism and the growth of the LGBTQ traveler segment. Journal of Sustainable Tourism and Entrepreneurship, 2(3), 147-157.
  7. Ibadullaeva, G. (2025). The Internationalisation of Uzbekistan Automobile Industry: Implications for WTO Membership. European Journal of Development Studies, 5(1), 1-7. doi:https://doi.org/10.24018/ejdevelop.2025.5.1.407
  8. Kim, J. (2020). State Capacity and the Role of Industrial Policy in Automobile Industry: a Comparative Analysis of Turkey and South Korea. Journal of Industry Competition and Trade, 19. doi:https://link.springer.com/article/10.1007/s10842-019-00327-y
  9. Li, L. (2024). Reskilling and upskilling the future-ready workforce for industry 4.0 and beyond. Information Systems Frontiers, 26(5), 1697-1712. doi:https://doi.org/10.1007/s10796-022-10308-y
  10. Liang, H., Hussain, M., & Iqbal, A. (2025). The dynamic role of green innovation adoption and green technology adoption in the digital economy: the mediating and moderating effects of creative enterprise and financial capability. Sustainability, 17(7), 3176. doi:https://doi.org/10.3390/su17073176
  11. Margianti, E., Ikramov, M., Abdullaev, A., Kurpayanidi, K., Misdiyono, M., & Khudayqulov, A. (2020). Role of goal orientation as a predictor of social capital: Practical suggestions for the development of team cohesiveness in SME's. Monograph. Gunadarma Pulisher, Indonesia.
  12. Min, J., Li, Z.-Q., Liu, Y., Zhang, Y.-D., & Yang, J.-B. (2023). Automotive manufacturing enterprise financial risk evolution monitoring and early warning simulation: based on the perspective of value chain analysis. Management System Engineering, 2(1), 10. doi:https://doi.org/10.1007/s44176-023-00021-8
  13. Mirziyoyev, S. (2023). On the State program for the implementation of the Development Strategy of New Uzbekistan for 2022 — 2026 in the “Year of caring for people and quality education”.
  14. Muliyanto, M., Indrayani, I., Satriawan, B., Ngaliman, N., & Catrayasa, I. W. (2023). The influence of competence, motivation, and work culture on employee performance through self-efficacy as an intervening variable for medical support employees Regional General Hospital Tanjungpinang City. Journal of Multidisciplinary Academic Business Studies, 1(1), 1-12. doi:https://doi.org/10.35912/jomabs.v1i1.1777
  15. 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.
  16. Pulatov, A. (2024). The Evolution of the Automotive Industry in Uzbekistan: Trends in Manufacturing Growth. European Journal of Applied Science, Engineering and Technology, 2, 178-184. doi:http://dx.doi.org/10.59324/ejaset.2024.2(6).17
  17. Ravshan og‘li, I. T. (2025). TRENDS IN AUTOMOTIVE INDUSTRY OF UZBEKISTAN IN 2022-2024. Web of Teachers: Inderscience Research, 3(3), 19-22. doi:https://webofjournals.com/index.php/1/article/view/3463
  18. Rotjanakorn, A., Sadangharn, P., & Na-Nan, K. (2020). Development of dynamic capabilities for automotive industry performance under disruptive innovation. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 97. doi:https://doi.org/10.3390/joitmc6040097
  19. Smith, J. S. (2019). International Trade Promotion Methods for Smes in Low and Lower-Middle-Income Economies. International Journal of Financial, Accounting, and Management, 1(3), 131-145. doi:https://doi.org/10.35912/ijfam.v1i2.108
  20. Syed, S. (2021). Financial Implications of Predictive Analytics in Vehicle Manufacturing: Insights for Budget Optimization and Resource Allocation. Available at SSRN 5028574. doi:https://dx.doi.org/10.2139/ssrn.5028574
  21. Taymaz, E., & Yilmaz, K. (2017). Political economy of industrial policy in Turkey: The case of the automotive industry. doi:https://dx.doi.org/10.2139/ssrn.3043232
  22. Team, D. S. C. (2021). Development Strategy of New Uzbekistan for 2022-2026. Retrieved from https://uzembassy.kz/upload/userfiles/files/Development%20Strategy%20of%20Uzbekistan.pdf
  23. 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.
  24. Uddin, B. (2023). Consumers' purchase behavior in Bangladesh: green products perspectives. Journal of Sustainable Tourism and Entrepreneurship, 4(2), 117-130. doi:https://doi.org/10.35912/joste.v4i2.475
  25. Wang, Z., Peng, D., Kong, Q., & Tan, F. (2025). Digital infrastructure and economic growth: Evidence from corporate investment efficiency. International Review of Economics & Finance, 98, 103854. doi:https://doi.org/10.1016/j.iref.2025.103854
  26. ????????, ?. (2022). ??????????? ??????????? ???????? ????????????? ?????????????? ?????????? ??????????. Paper Presented At The ?????????? ?????? ????? ????????? ????????????? ???????????, ????????? ? ????????.
  27. ????????, ?. (2023). ???????? ????????? ? ?????????? ???????? ???????? ????? ????? ? ????????????? ?????????????? ???????????.
  28. ????????, ?. (2024). ????????????????? ?????????? ?????????????-?????????????? ?????????? ? ????????????? ?????????????? ???????????. Interpretation And Researches, 2, 24.
  29. ????????, ?. ?., & ???????, ?. ?. (2022). ???? ??????????? ?????????? ?? ???????????? ????????????? ?????????????? ???????????.
  30. ???????, ?., & ????????, ?. (2021). ???????? ??????????? ?????????? ?? ???????????? ????????????? ?????????????? ???????????. ???????????? ??????? ? ???????? ???????????? ??????????? ?????????? ?????????? ??????????? ??????????????? ????????????? ??????????? ????????? ??????????????? ?????????????, 266.