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The impact of education management on entrepreneurship development and emerging markets

Azamat OstonokulovDepartment of Budget Accounting and Treasury , Tashkent State University of Economics 49 Islom Karimov Str. , Tashkent , 100066 , UzbekistanDilshod SholdarovDepartment of Budget Accounting and Treasury , Tashkent State University of Economics 49 Islom Karimov Str. , Tashkent , 100066 , UzbekistanAzamat KuliboyevDepartment of Budget Accounting and Treasury , Tashkent State University of Economics 49 Islom Karimov Str. , Tashkent , 100066 , UzbekistanNadira YuldashevaDepartment of Budget Accounting and Treasury , Tashkent State University of Economics 49 Islom Karimov Str. , Tashkent , 100066 , UzbekistanDilnoz AbdujalilovaTashkent State University of EconomicsAdilova GulnurPhD (Accounting) , Department of Insurance Work , Tashkent State University of Economics 49 Islom Karimov Str. , Tashkent , 100066 , Uzbekistan

2024en

Ochiq kirishOlmos

ABI

Annotatsiya

This study explores how education management impacts the growth of entrepreneurship and new markets in Uzbekistan from 2018 to 2023. We used data from the government and sources like the World Bank and UNDP, and we talked to 150 entrepreneurs and education managers. The results showed that when skills-based and digital education improved, more businesses started in cities by 22.3% and in rural areas by 14.7%. The part of small and medium-sized enterprises (SMEs) in the country’s economy increased from 31.4% to 38.6%. Technical and vocational training in 174 educational institutions led to the creation of 342,000 jobs. There was a strong link (r=0.68) between investing in education and an 8.9% yearly rise in new startups. However, challenges remain, such as unequal access to education in rural areas, which cover only 23.1%, and a 37% gap in skills. Recommendations include adding entrepreneurship education to courses, improving digital infrastructure (currently 61.5% internet coverage), and enhancing private sector involvement. Every 10% boost in funding for skills-based education resulted in a 6.4% growth in the private sector.

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DOI: 10.21003/ea.v211-06

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