The Impact of the Level of Economic Development on Household Income

Authors

  • Abdunazarova Shahnoza Norqo‘chqor qizi Termez State University

DOI:

https://doi.org/10.51699/cajitmf.v7i1.1099

Keywords:

Economic Development, Household Income, Income Inequality, Regional Economic Policy, Empirical Analysis, Surxondaryo Region, STATA, Regression Model

Abstract

This study empirically examines the impact of economic development on household income. The main objective of the research is to identify the interrelationship between regional economic growth indicators and household income, as well as to assess the effect of economic development on income inequality. Statistical database for Surxondaryo region from (2018–2024) was compiled during this study based on multiple regression analysis as well correlational analysis diagnostic tests, and results were analyzed using STATA software. The results show that economic development positively affects rising household income across the Surxondaryo region, although there continue to be regional divides. The results have both theoretical and practical implications for the improvement of regional economic policy, population well-being, and income distribution.

References

Barro, R. J., “Inequality, growth, and investment,” Journal of Political Economy, vol. 107, no. 2, pp. 45–76, 1999.

Kuznets, S., “Economic growth and income inequality,” American Economic Review, vol. 45, no. 1, pp. 1–28, 1955.

M. P. Todaro and S. C. Smith, Economic Development, 12th ed. Boston, MA, USA: Pearson Education, 2015.

OECD, Regional Outlook: Addressing Income Disparities through Inclusive Growth. Paris, France: OECD Publishing, 2021; World Bank, World Development Report: Inequality and Shared Prosperity. Washington, DC, USA: World Bank, 2022.

A. Vahobov, Hududiy iqtisodiy o‘sish va aholi daromadlari o‘rtasidagi bog‘liqlik. Toshkent, Uzbekistan: Iqtisodiyot nashriyoti, 2021.

B. Qodirov, “Iqtisodiy rivojlanishning hududiy tafovutlarini baholash usullari,” O‘zbekiston iqtisodiyoti jurnali, no. 4, pp. 45–53, 2022.

M. Abdurahmonov, “Aholi daromadlarining o‘sish omillari: investitsiyalar va bandlikning roli,” Mehnat iqtisodiyoti jurnali, no. 2, pp. 17–26, 2020.

O‘zbekiston Respublikasi Iqtisodiy taraqqiyot va kambag‘allikni qisqartirish vazirligi, Hududiy rivojlanish hisobotlari. Toshkent, Uzbekistan, 2023.

P. Aghion and P. Howitt, The Economics of Growth, 2nd ed. Cambridge, MA, USA: MIT Press, 2009.

D. Dollar and A. Kraay, “Growth is good for the poor,” Journal of Economic Growth, vol. 7, no. 3, pp. 195–225, 2002.

A. Deaton, The Great Escape: Health, Wealth, and the Origins of Inequality. Princeton, NJ, USA: Princeton University Press, 2013.

N. G. Mankiw, D. Romer, and D. N. Weil, “A contribution to the empirics of economic growth,” Quarterly Journal of Economics, vol. 107, no. 2, pp. 407–437, 1992.

R. Kanbur and A. Venables, “Spatial inequality and development,” Journal of Economic Geography, vol. 5, no. 1, pp. 1–24, 2005.

F. Bourguignon, “The growth elasticity of poverty reduction: explaining heterogeneity across countries and time periods,” Inequality and Growth: Theory and Policy Implications, Cambridge, MA, USA: MIT Press, pp. 3–26, 2004.

World Bank, Poverty and Shared Prosperity 2022: Correcting Course. Washington, DC, USA: World Bank, 2022.

Downloads

Published

2025-12-16

How to Cite

Norqo‘chqor qizi, A. S. . (2025). The Impact of the Level of Economic Development on Household Income. Central Asian Journal of Innovations on Tourism Management and Finance, 7(1), 264–269. https://doi.org/10.51699/cajitmf.v7i1.1099

Issue

Section

Articles