Tel: +998901234567
Search

No. 5 (2025)
Marketing

Articles

BEHAVIORAL ASPECTS OF FINANCIAL BEHAVIOR OF THE POPULATION OF UZBEKISTAN: EMPIRICAL ANALYSIS AND INTERNATIONAL CONTEXT

Published 2025-05-31

Authors
Захарова Ирина Борисовна a , Непейвода Андрей Николаевич b
Affiliations
a Ph.D., Associate Professor Tashkent State University of Economics
b Ph.D., Associate Professor Tashkent State University of Economics
PDF (Russian) Google Scholar Google Scholar

Abstract

This article examines the behavioral aspects of financial behavior among the population of Uzbekistan based on empirical research. Key factors influencing household financial decisions are identified, including financial literacy levels, trust in financial institutions, and cultural -behavioral attitudes. A comparative analysis with international data reveals both universal and Uzbekistan -specific behavioral patterns. The study offers practical recommendations for improving financial education and promoting sustainable financial behaviors.

Keywords

financial behavior, population, Uzbekistan, financial literacy, trust, empirical analysis 175

References

  1. Ahunov, M., & Yusupov, T. (2019). Assessment of investment climate in Uzbekistan: institutional perspective. Central Asian Survey, 38(4), 515–531.
  2. Центральный Банк Республики Узбекистан. (2024). Annual Report. https://cbu.uz/ru/
  3. Dickerson, A. (2022). The conceptual framework of financial shock perception: bridging financial literacy and behavioral biases. Journal of Behavioral Finance, 23(3), 214–230.
  4. EBRD. (2022). Transition Report 2022 -23. European Bank for Reconstruction and Development. https://www.ebrd.com/
  5. Forman, J., & Damschroder, L. (2007). Qualitative Content Analysis. Empirical Methods for Bioethics: A Primer, 11, 39–62.
  6. Национальный комитет Республики Узбекистан по статистике. (2022). Статистический ежегодник Республики Узбекистан. Tashkent: Goskomstat.
  7. IMF. (2023). Republic of Uzbekistan – Country Report. International Monetary Fund. https://www.imf.org/en/Home
  8. Kahneman, D., Knetsch, J. L., & Thaler, R. (1991). Anomalies: The endowment effect, loss aversion, and status quo bias. Journal of Economic Perspectives, 5(1), 193–206.
  9. Loewenstein, G. (2000). Emotions in economic theory and economic behavior. The American Economic Review, 90(2), 426–432.
  10. Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44.
  11. OECD. (2020). OECD/INFE 2020 International Survey of Adult Financial Literacy. OECD Publishing.
  12. S&P Global FinLit Survey. (2015). Financial literacy around the world.
  13. Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving Decisions about Health, Wealth, and Happiness. Yale University Press.
  14. Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases. Science, 185(4157), 1124 –1131.
  15. World Bank. (2020). The Global Findex Database 2020. Washington, DC. https://www.worldbank.org/en/country/uzbekistan

Downloads

Download data is not yet available.