Karimov M.M.Institute of Forecasting and Macroeconomic Research under Cabinet of Ministers of Republic of Uzbekistan, Tashkent, Republic of Uzbekistan cadamer85@gmail.com
Importance Under the global economic crisis, instability of global financial and commodity markets and increased competition for investment resources, the rational allocation and efficient use of investment, particularly in the development of industries, are of great significance. Objectives The main goal of the paper is to evaluate the efficiency of investment utilization in the industrial development, highlighting the most efficient industries, and identify areas to improve the efficiency of investment in industry. Methods Using the method of calculating the impact of investment on gross value added, the analysis of changes in reproductive and technological structures of investment and analytical comparison of changes in the structure of investment and value added by industries for 2005–2014, I define the rationality of allocation and efficient use of investment in the industrial development of Uzbekistan. Results The paper streamlines approaches to the investment efficiency evaluation, analyzes investment efficiency in the industrial development of Uzbekistan, highlights the most promising industries in terms of efficient use of investment and the main activities to improve return on investment in industry. Conclusions The efficiency and rationality monitoring process should be started at the stage of investment planning, as shortcomings in the pre-investment stage lead to higher project costs and a fall in commercial performance.
Keywords: efficiency, investment, structure, allocation, value added
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