THE IMPACT OF MONETARY AND FISCAL POLICY ON UZBEKISTAN'S EXPORT VOLUME: AN EMPIRICAL ANALYSIS
Keywords:
fiscal policy, monetary policy, export, Uzbekistan, regression analysisAbstract
In recent decades, the role of exports in Uzbekistan's economy has significantly increased. The country remains an important exporter of cotton, gold, and uranium, and in recent years has expanded to include textiles, food products, and services. On the path to trade development, the government’s economic policy—particularly in the monetary and fiscal spheres—plays a key role
References
[1] International Monetary Fund. (2016). Welfare Effects of Uzbekistans Foreign Exchange Regime. IMF Working Paper WP/16/61. https://www.imf.org/en/Publications/WP/Issues/2016/12/30/ Welfare-Effects-of-Uzbekistan-s-Foreign-Exchange-Regime-3513
[2] Khasanov, B., & Mirzaev, A. (2020). The Effectiveness of Fiscal and Monetary Policy: Case of Uzbekistan. ResearchGate. https://www.researchgate.net/ publication/339951055_The_Effectiveness_of_Fiscal_and_Monetary_Policy_ Case_of_Uzbekistan
[3] World Bank. (2024). Uzbekistan Country Overview. https://www.worldbank.org/ en/country/uzbekistan/overview
[4] United Nations Development Programme. (2024). Influence of Export Promotion Financial Instruments on Exporters Competitiveness. https://www.undp.org/uzbekistan/publications/ influence-export-promotion-financial-instruments-exporters-competitiveness
[5] U.S. Department of State. (2024). 2024 Investment Climate Statements: Uzbekistan. https://www.state.gov/reports/2024-investment-climate-statements/ uzbekistan/
[6] International Monetary Fund. (2025). Uzbekistan: 2025 Article IV Mission Concluding Statement. https://www.imf.org/en/News/Articles/2025/04/23/ mcs-042325-uzbekistan-staff-concluding-statement-of-the-2025-article-iv-mission
[7] The Observatory of Economic Complexity. (2024). Uzbekistan Trade Profile. https: //oec.world/en/profile/country/uzb
[8] Blanchard, O., & Johnson, D. R. (2021). Macroeconomics (8th ed.). Pearson.
[9] Krugman, P., & Obstfeld, M. (2018). International Economics: Theory and Policy (10th ed.). Pearson. [10] Mankiw, N. G. (2020). Principles of Macroeconomics (9th ed.). Cengage Learning.
[11] Rodrik, D. (2008). One Economics, Many Recipes: Globalization, Institutions, and Economic Growth. Princeton University Press.









