Volume 15 , Issue 1 , PP: 66-77, 2024 | Cite this article as | XML | Html | PDF | Full Length Article
Dilobar Isomjonovna Ruzieva 1 *
Doi: https://doi.org/10.54216/FPA.150106
This paper analyzes the development of the activities of small business entities through the fusion of digital technologies in ensuring the social and economic development of Uzbekistan, its significant aspects in the development of the country’s economy. In Uzbekistan the economic, social and legal levels of small business entities in organizing their activities through digital technologies were determined. 5 directions of its economic and social support were analyzed based on today's policy, and the advantage of using the digital economy in the activities of small business entities compared to large enterprises was determined. The research employs a confluence of descriptive statistics, panel data regression models, and time-series analysis to unravel the intricate correlation matrix that binds various dimensions of investment outcomes within the country's distinct economic climate. A conclusion was made based on the results of the study of the main economic development indicators of the development of small business entities through digital technologies. In assessing the effectiveness of the development of the activities of small business entities through digital technologies, the effectiveness of digitalization on the activities of small business entities was determined using the Cobb-Douglas production function. Proposals and recommendations were developed according to the forecasting results.
digital economy , digital technologies , fusion , Cobb-Douglas production , small business
[1] Address of the President of the Republic of Uzbekistan Sh. Mirziyoyev to the Oliy Majlis. 29.12.2020, President.uz, Retrieved from: https://president.uz/uz/lists/view/4057
[2] President of the Republic of Uzbekistan Sh. Mirziyoyev speech entitled "Creating all the conditions for rapid and wider development of entrepreneurship is our most important task" at a meeting in the form of an open dialogue with entrepreneurs of our country https://president.uz/uz/lists/view/4551
[3] Reports of the 2nd meeting of the President of the Republic of Uzbekistan with businessmen on August 22, 2022. https://www.gazeta.uz/uz/2022/08/23/meeting-with-businessmen/
[4] Basareva V.G. Small business of Russia: theoretical foundations of research, modeling, the concept of state regulation / ed. by A.S. Novoselov. – Novosibirsk: IEOPP SB RAS, 213-296 p.
[5] Borisova B.P., Kachubeya I.V. Under the scientific editorship of the collection of articles “Studies in the spirit of postmodernism" in the form of a monograph Moscow. Berlin, 2016.
[6] Salim, Ahmed, et al. "Compressive sensing based secure data aggregation scheme for IoT based WSN applications." PloS one 16.12 (2021): e0260634.
[7] Chien, F., Ngo, Q. -., Hsu, C. -., Chau, K. Y., & Iram, R. (2021). Assessing the mechanism of barriers towards green finance and public spending in small and medium enterprises from developed countries. Environmental Science and Pollution Research, doi:10.1007/s11356-021-14907-1.
[8] José Santisteban and David Mauricio. Critical success factors for technology-based startups. The Authors(s) 2020. Published by Inderscience Publishers Ltd. This is an Open Access Article distributed under the CC BY license. (http:// creativecommons. org/licenses/by/4.0/);
[9] Adele Oosthuizen, Jurie Van Vuuren, Melodi Botha. Compliance or management: The benefits that small business owners gain from frequently sourcing accounting services. The Southern African Journal of Entrepreneurship and Small Business Management. Vol 12, No 1 DOI: https://doi.org/10.4102/sajesbm. v 1 2i1.330
[10] Motohashi K. Innovation and Entrepreneurship: A First Look at the Linkage Data of Japanese Patent and Enterprise Census // Seoul Journal of Economics, 2016, No 1, pp. 69-94.;
[11] Sharma N. Management of Innovation in Small and Medium Enterprises in India: Comparison of I.T. and Pharmaceutical Firms // The IUP Journal of Knowledge Management, 2016, Vol. XIV, No2
[12] Abedallah Z. Abualkishik ,Rasha Almajed. (2021). Deep Neural Network-based Fusion and Natural Language Processing in Additive Manufacturing for Customer Satisfaction. Fusion: Practice and Applications, 3 ( 1 ), 70-90.
[13] Lanshina T.A. Problems of development of the US national innovation system at the beginning of the 21st century: dissertation ... candidate of economic sciences: 08.00.14 / Lanshina Tatyana Aleksandrovna - Moscow, 2014. - 237 p.;
[14] Yun M. A. Investments as a factor influencing the development of small and medium-sized businesses / M. A. Yun // International Research Journal. - 2016. - No. 5 (47) Part 1. - S. 195—199. — URL: https://research-journal.org/economical/investicii-kak-faktor-vliyaniya-na-razvitie-malogo-i-srednego-biznesa/ (accessed: 05.07.2021.). doi: 10.18454/IRJ.2016.47.254;
[15] Yakovlev A.Yu. Recommendations to entrepreneurs on the creation of venture projects. Topical issues of economic sciences. 2014. No. 36. S. 39-42.;
[16] Tikhomirova, O. G. Globalization and small business: new opportunities for small and medium enterprises / O. G. Tikhomirova // Management in Russia and abroad. - 2019. - No. 3. - P. 79 .;
[17] Obraztsova O.I., Chepurenko A.Yu. SME policy in Russia: post-pandemic update? // Issues of state and municipal management. 2020. №3. pp.71-95.;
[18] Eshov M.P. The development of small business and business entrepreneurship in Uzbekistan: factors, results and prospects. Monograph. T, 2017. 80 b.;
[19] []Gafurov Ubaydullo, Ismoilov Narimonjon. (2023). Implementation of sustainable development goals in small businesses. Journal of Sustainability and Green Technology, 2(1), 46-49.
[20] Muhammad Id Balbaa, Astanakulov O. Tashtemirovich. (2023). Merger-based econometric analysis: assessing the effectiveness of an investment project and making business decisions. Fusion: Practice and Applications, 13 (2), 145-155.
[21] Rozieva D.I. Improving the methodology of investment activity in small business entities. Monograph. Tashkent: "Innovative development" publishing house, 2023.-21, 23, 25 p.
[22] Ruzieva D.I. Foreign experience in small business investment and its specific features. https://cyberleninka.ru/article/n/kichik-biznesniinvestitsiyalash-b-yicha-horizh-tazhribasi-va-uning-ziga-hos-hususiyatlari;
[23] Ruzieva, D.I., (2013). Foreign experience in small business investment and its peculiarities. Economy and Finance, 9.
[24] Ruziyeva, D. I., & Gafarova, D. T. (2014). Ways of Development and Promoting of Cultural Tourism in Uzbekistan. Wirtschhaft und Management: Theorie und Praxis, 99.
[25] Mustafakulov, Sh., (2017). Investment Attractiveness of Regions: Methodic Aspects of the Definition and Classification of Impacting Factors. European Scientific Journal, 13(10), 17, Access: https://core.ac.uk/download/pdf/236407742.pdf.
[26] Lukyanova Anna Vasilievna, Trends and opportunities for digitalization of small and medium-sized businesses UDC 330.341.1 GRNTI 06.52 www.esa-conference.ru
[27] Gulyamov S.S., Ayupov R.D., Abdullaev O.M., Baltabaeva G.R. Blockchain technologies in the digital economy. - Ukuv kullanma - Tashkent: 2019. 396 p.