Assessment of the Impact of External Debt on Economic Growth: The Case of the Republic of Uzbekistan

Aktam U. Burkhanov, Bunyod Usmonov, Bobir Tashbaev, Lazizbek B. Botirov and Abror B. Abdullayev

Chapter 9 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 97-106 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This research investigates the scientific-theoretical aspects of public debt management. Factors affecting the country’s external debt have been identified. The authors proposed developing a state debt management policy to attract foreign debts to the country. The authors present their conclusions regarding four hypotheses and three approaches. The evaluation begins by assessing the effect of external debt using the standard growth model. Based on these assessment results, the authors established the limit for the ratio of external debt to GDP for Uzbekistan. Proposals aimed at effective public debt management have also been developed to create the mechanism for effective management of state debts. As a result of the calculations, the authors found that the limit of the ratio of foreign debt to GDP for Uzbekistan is 35% in the situation where the current indicators are accepted as unchanged. If the influencing variables change over time, the overall result will change accordingly.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789819802920_0009 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789819802920_0009 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789819802920_0009

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().