Islom karimov nomidagi toshkent davlat texnika universiteti «sanoat iqtisodiyoti va menejmenti: muammo va yechimlar»




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Yakubova Dildar Muhammedjanovna 
Ph.D. D., Assoc. Tashkent State Technical University 
STIMULATING RESERVES FOR THE GROWTH OF INDUSTRIAL PRODUCTION 
The significance of the tasks to “improve the competitiveness of the national economy by 
deepening structural transformations, modernizing and diversifying its leading industries” are 
outlined and outlined in the Action Strategy for the five priority areas of development of the Republic 
of Uzbekistan in 2017-2021. The most important reserve within the framework of the implementation 
of the Strategy continues to be the growth of labor productivity, increasing production efficiency by 
reducing energy intensity and resource intensity through the widespread introduction of energy and 
resource saving technologies in the sectors of the economy. 
There are many factors influencing the formation of industrial development reserves. The 
most important are labor productivity, the use of production capacity and fixed assets. This choice of 
factors is justified by the fact that their empirical analysis will reveal the reserves with the greatest 
potential for further growth and increasing the competitiveness of the industrial sector in the medium 
and long term. It should be noted that if in the medium term the activation of these reserves will have 
a significant effect, then in the long term the same factors will gradually begin to exhaust themselves, 
and their return will decline.
In the long term, more attention should be paid to increasing the innovation component of the 
modernization carried out in the country, as well as building up its own scientific base. To do this, it 
is necessary to develop and approve the "National Strategy for the Innovative Development of the 
Country for the Period up to 2030", which provides for the creation of a system of technological 
modernization of all sectors of the economy and the development of science-intensive areas, 
improvement of the legislative and regulatory framework for the implementation of effective 
scientific, technical and innovative activities, mobilization financial resources to improve the level 
of research and development of research institutes to create competitive innovative products, improve 
the mechanism for patenting scientific developments and introduce innovations into production, as 
well as provide innovative activities with highly qualified personnel. 
It is required to develop a mechanism providing for the formation of State innovative scientific 
and technical programs for a certain period based on the needs of the real sector of the economy for 
domestic developments and technologies. 
Since the rational use of industrial production growth reserves is impossible without their preliminary 
assessment, an approach was developed that presupposes an assessment of both internal and external 
in relation to the production growth reserves of industrial enterprises. In accordance with it, a 


479 
comprehensive assessment of industrial production growth reserves is carried out according to the 
following algorithm.
At the first stage of the algorithm, the value of the internal reserves of production growth of 
industrial enterprises is estimated. They are identified in the process of economic analysis of 
production and economic activities. Such an analysis provides for a systematic study of all the 
elements and conditions of production in their interconnection, the results of which provide a 
quantitative assessment of the reserves of production growth of industrial enterprises. 
The first three blocks of the algorithm make it possible to assess the possibility of increasing the 
degree of use of resources and production factors. On this basis, it is possible to obtain an estimate of 
the size of the resource and factor potential of production growth. 
The calculation formula is as follows: 
Rvnutr. = Bmax. - Wfact. (1) 
Where Rvnutr. - Reserves for the growth of industrial production due to internal factors and resources; 
Vmax. - The maximum possible annual output of commercial industrial products and services; Wfact. 
- The actual annual output of commercial industrial products and services; 
From formula (1) it can be seen that the assessment of the reserves for the growth of production of 
industrial enterprises, determined by internal factors and resources, is reduced to determining the 
maximum possible output of industrial products and services. 
At the second stage of the algorithm, the amount of production growth reserves determined 
by external factors is estimated. Its peculiarity lies in the difficulty of taking into account many 
interrelated factors of a heterogeneous nature. We propose to assess the reserves of production 
growth, determined by external factors, as an opportunity to reduce the balance of finished products 
in the warehouses of industrial enterprises. This indicator, although it does not fully take into account 
the action of all heterogeneous factors of the external environment, nevertheless, gives a generalized 
assessment of the possibility of growth in sales of previously produced products. 
This indicator, although it does not fully take into account the action of all heterogeneous 
factors of the external environment, nevertheless, gives a generalized assessment of the possibility of 
growth in sales of previously produced products. At the third stage of the algorithm, an aggregate 
assessment of the reserves of production growth of industrial enterprises is made, due to the action of 
factors of both production and sales of products. 
The calculation is proposed to be carried out according to the formula (2): 
Rsov. = Int. + Rout. (2) 
Where Pvnesh. - Reserves for the growth of production of industrial enterprises, determined 
by external factors (balances of finished products). 
However, due to the limited statistics for Uzbekistan, this methodology has been modified and 
is based primarily on the method of comparing indicators for Uzbekistan with reference countries. 
For the whole group of selected reference countries and Uzbekistan, the average value and maximum 
value for the indicator will be calculated. 
Table1. 
Medium and long-term reserves for the growth of gross industrial output, taking into account 
innovative factors. (Billion soums) 
 
Medium-term 
reserve 
(2018-2023) 
Long-term 
reserve 
(2024-2031) 
Average annual growth, % 
20 
10 
Gross production volume 
203977,3 
549424,0 
Internal reserve 
47309,5 
148151,6 
External reserve 
156667,8 
401272,4 
At their own expense 


480 
Unsold products 
18748,5 
37497,0 
R&D costs 
413954,5 
972556,8 
Number of researchers 
37300,5 
193763,4 
Source: authors' calculations. 
Thus, as can be seen from the table, with additional activation of the reserves for the 
development of innovative factors, the potential growth of industrial production in the medium term 
can be 3 times with an annual growth rate of 20% in 2018-2023. In the long term, potential growth 
could be 7 times the current level, with an annual growth rate of 10% in the period 2024-2031. These 
results show how great the potential for the introduction and development of innovations in industry 
is and how insignificant is the level of its development and contribution to the growth of industrial 
production today. From this, we can conclude that the activation of innovative factors is the most 
difficult, but the most promising way to increase industrial production. 

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Islom karimov nomidagi toshkent davlat texnika universiteti «sanoat iqtisodiyoti va menejmenti: muammo va yechimlar»

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