INTERNATIONAL TRADE POLICIES AND ECONOMIC DEVELOPMENT

Abstract

In this article, the influence of internal factors on the share return of real sector enterprises operating in Uzbekistan is analyzed. In the selection of objects for research, 7 enterprises leading in terms of the number of transactions on the stock exchange were selected, including “Kvarts” JSC (KVTS), "Kizilqumsement" JSC (QZSM), “Ko'kan Mechanika Zavodi” JSC (KUMZ), “Uzbekistan Metallurgical Combine” JSC (UZMK), “Almalik Mine-Metallurgical Combine” JSC (AGMK), “Toshneftegazkurilish” JSC (TNGK) and “Kogon Oil Extraction Plant” JSC (KYEZ). As external factors, such as inflation, money supply (M2), interest rates, and exchange rates were taken from from January 2017 to June 2024. To evaluate the influence of these factors, linear models based on panel data, PLS, FE, RE and MGARCH models were used.