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No. 12 (2025)
Marketing

Articles

EMPIRICAL ANALYSIS OF THE NEED TO REDUCE THE "HIDDEN" AND "CONFIDENTIAL" ECONOMY IN SUSTAINABLE ECONOMIC DEVELOPMENT

Published 2025-12-25

Authors
Nazarova Raʼno Rustamovna a , Najmiddinov Yahyo Fazliddin oʻgʻli b
Affiliations
a Tashkent State University of Economics, Head of the "Yashil" Department of Economics, PhD, prof
b Senior lecturer of "Yashil" Department of Economics, Tashkent State University of Economics
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Abstract

This article empirically analyzes the size and share of the “shadow” and “underground” economy, which is one of the important factors influencing sustainable economic development, using the example of the regions of Uzbekistan. In the study, the GDP per ca pita indicator by region is taken as the main indicator of sustainable economic development, and the relationship between the absolute volume of the shadow and hidden economy and its share in GDP is assessed using the OLS regression model. The research res ults show that a high level of the shadow and secret economy reduces the economic efficiency of regions, negatively affects fiscal stability and investment attractiveness, and limits sustainable economic growth rates. These results confirm that reducing th e shadow economy, increasing economic transparency, and deepening institutional reforms are important conditions for sustainable development. № 1 8

Keywords

sustainable economic development, shadow economy, underground economy, economic transparency, regional development, GDP per capita, fiscal stability, economic institutions, OLS regression, macroeconomic stability

References

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