THE GREEN ECONOMY AND THE DEVELOPMENT OF THE CAPITAL MARKET IN UZBEKISTAN

Аннотация

The green economy has become a critical sector in recent years, as many countries transition towards sustainable development. Uzbekistan is no exception, as the country has made significant strides in developing the green economy. However, one key question is whether the green economy has any impact on the development of the capital market in Uzbekistan. This article aims to address this question by conducting an econometric analysis to determine the impact of the green economy on the development of the capital market in Uzbekistan. The study uses data from the Central Bank of Uzbekistan, the State Committee of the Republic of Uzbekistan on Ecology and Environmental Protection, and Bloomberg on the value of green bonds issued, the market capitalization of the Uzbekistan Stock Exchange, and other relevant factors such as gross domestic product (GDP) and interest rates.