Econometric Analysis of Factors Affecting the Economic Stability of Chemical Industry Enterprises in Uzbekistan

Aktam U. Burkhanov, Bobir O. Tursunov, Abdumalik M. Kadirov, Bunyod Usmonov and Iroda R. Ibragimova

Chapter 11 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 117-131 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This research conducts an econometric analysis of factors influencing the economic stability of enterprises in Uzbekistan’s chemical industry. The authors analyzed annual statistics from 2000 to 2021, covering sectors such as mining, food production, chemical manufacturing, rubber and plastic products, and other non-ferrous mineral products. A pairwise correlation matrix was developed to evaluate the relationships among influencing factors, confirming the absence of multicollinearity. Additionally, the Breusch–Godfrey and White tests were employed to assess autocorrelation in the regression model. The analysis revealed that an increase in the number of individuals employed in the industry positively impacts per capita capital investments and significantly boosts the production volume of chemical goods. Furthermore, the findings indicate that a one-unit increase in innovative activity leads to a 1.04-unit rise in chemical product output. Similarly, every additional 1000 specialists graduating from higher education institutions contributes to an increase of 1.04 billion soums in chemical product output.

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
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