COMPARATIVE ANALYSIS OF SMALL BUSINESS DEVELOPMENT IN NAMANGAN, ANDIJAN AND FERGANA REGIONS
DOI:
https://doi.org/10.5281/zenodo.23052848Abstract
This article presents a comparative assessment of small business development in Namangan, Andijan, and Fergana regions during 2021-2025. A Regional Small Business Development Index (HKBRI) is calculated using six indicators: industry, employment, investment, exports, innovation and entrepreneurial activity, and the share of small business in gross regional product. The indicators are normalized using the min–max method and aggregated into an integral score using economically justified weights. The results show that industrial, investment, and export components are important development drivers in Fergana; employment and the share in GRP are strong in Namangan; and rapid export growth is a major development factor in Andijan. The HKBRI is interpreted not as an absolute ranking of regions, but as a diagnostic tool for identifying strong and weak components.Keywords
Fergana Valley, small business, regional development, HKBRI, min–max normalization, composite index, industry, investment, exports, employmentReferences
1. President of the Republic of Uzbekistan. (2025, March 19). Decree No. PF-50: On measures to increase the role of small and medium-sized businesses in the economy. National Database of Legislation. https://lex.uz/uz/docs/- 7444738?ONDATE=27.12.2025
2. President of the Republic of Uzbekistan. (2023, September 14). Resolution No. PQ-306: On measures for financial and institutional support for the development of small business. https://lex.uz/uz/docs/-6609110?ONDATE=01.01.2025
3. National Statistics Committee of the Republic of Uzbekistan. (2021–2025). Official statistics on small entrepreneurship in Namangan, Andijan, and Fergana regions. SIAT Information System.
4. OECD. (2025). SME digitalisation for competitiveness: The 2025 OECD D4SME survey. OECD Publishing.
5. World Bank. (n.d.). Enterprise Surveys: Methodology and indicators. World Bank Group.
6. Beck, T., Demirgüç-Kunt, A., & Levine, R. (2005). SMEs, growth, and poverty: Cross-country evidence. Journal of Economic Growth, 10(3), 199–229.
7. Kaplan, R. S., & Norton, D. P. (1992). The balanced scorecard—Measures that drive performance. Harvard Business Review, 70(1), 71–79.
Downloads
Published
How to Cite
Issue
Section
