Economic development through analysis of the education and entrepreneurship impacts

Economic Annals-XXI: Volume 214, Issue (3-4), Pages: 84-88

Citation information
Abduraimova, N., Sharopova, N., Khujaev, M., Sapayev, V., Fattoyeva, O., & Yusufov, S. (2025). Economic development through analysis of the education and entrepreneurship impacts. Economic Annals-XXI, 214(3-4), 84-88. doi: https://doi.org/10.21003/ea.V214-12

Nigora Abduraimova
MA (Education), Lecturer,
Department of Economics,
Termez University of Economics and Service
41-B Farovon Massif Str., Termiz city, 190100, Uzbekistan
nigora_abduraimova@tues.uz
ORCID ID: https://orcid.org/0009-0001-8322-4629

Nafosat Sharopova
D.Sc. (Marketing),
Associate Professor,
Tashkent State University of Economics
49 Islom Karimov Str., Тashkent, 100066, Uzbekistan
n.sharopova@tsue.uz
ORCID ID: https://orcid.org/0000-0001-9595-0655

Muminjon Khujaev
D.Sc. (Philosophy),
Head,
International Scientific Research Center,
Alfraganus University
2-A Ukori Karakamish Str., Tashkent, 100190, Uzbekistan
m.xojayev@afu.uz
ORCID ID: https://orcid.org/0009-0008-0625-8658

Valisher Sapayev
MA (Education),
Researcher,
General Professional Science Department,
Mamun University
2 Bolkhovuz Str., Khiva, Khorezm region, 220900, Uzbekistan
sapayev_valisher@mamunedu.uz
ORCID ID: https://orcid.org/0000-0002-6751-5864

Orzigul Fattoyeva
MA (Education),
Assistant Lecturer,
Tashkent University of Architecture and Civil Engineering
9 Yangi Shahar Str., Tashkent, 100194, Uzbekistan
orzugulfattoyeva@gmail.com
ORCID ID: https://orcid.org/0009-0009-1831-5573

Sardorbek Yusufov
MA (Education),
Researcher,
Department of Architecture,
Urgench State University
14 Kh. Alimdjan Str., Urganch, 220100, Uzbekistan
sardorbeky795@gmail.com
ORCID ID: https://orcid.org/0000-0001-9974-4111

Economic development through analysis of the education and entrepreneurship impacts

Abstract. Experts in economics consider entrepreneurship to be the engine of growth and economic production of countries. This article aims to investigate and analyze the role of education in the promotion of entrepreneurship and consequently in economic development. The research method in this article is analytical-explanatory, which has been evaluated using the data collection from 200 Uzbekistan entrepreneurs during the 2023-2024. The findings of this research show that education plays an important role in the development of entrepreneurship. Hence, investment in education and creating practical and technical entrepreneurial skills has a direct impact on economic growth. It was concluded that encouraging entrepreneurs to education and invest in it is the most appropriate strategy to respond to the economic and social challenges of entrepreneurial companies. Entrepreneurship has emerged as one of the important ways to promote economic development and, therefore, is a way to revive the economy in Uzbekistan.

Keywords: Entrepreneurship; Economic Growth; Education; Investment

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V214-12

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Received 23.02.2025
Received in revised form 11.03.2025
Accepted 15.03.2025
Available online 29.04.2025