The negative effect of monopolistic firms on the economy of developing countries
DOI:
https://doi.org/10.51699/cajitmf.v4i7.571Keywords:
economy, monopoly, inflation, taxes, barriers to importing goods.Abstract
The study tries to answer the question: Do monopolistic firms have a negative effect on the economy of developing countries? By discussing several articles made to a similar topic in the past, we found the index named The Herfindahl-Hirschman Index (HHI) which shows the level of monopoly in the market of the country. Thus, the GDP per capita of the ten developing countries was compared with the HH index, in order to find the correlation between monopoly and the economy of the countries. After the estimation and discussion of the correlation, the finding showed us that the monopolistic market slows down the development of the economy over a long period.
References
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18. Zukhriddinoglu, N. J., & Usmanovich, B. A. (2022). Improving Methods for Assessing the Competitiveness of Trade Enterprises. International Journal on Integrated Education, 5(2), 42-44.
19. Oglu, N. J. Z., & Usmanovich, B. A. (2022). Increasing the competitiveness of an industrial enterprise in the foreign market.
20. Usmanovich, B. A. (2022). CONDITIONS AND FACTORS FOR INCREASING COMPETITIVENESS. Лучшая научно-исследовательская работа 2022 3, 53.
2. Blaho, A. (1979). Transnational Monopolies in the Developing Countries. Social Scientist, 7(8/9), p.57.
3. datatopics.worldbank.org. (2023). WDI - Economy. [online] Available at: https://datatopics.worldbank.org/world-development-indicators/themes/economy.html#:~:text=Gross%20Domestic%20Product%20(GDP)%2C [Accessed 15 Mar. 2023].
4. Economics Online (2020). Monopoly. [online] Economics Online. Available at: https://www.economicsonline.co.uk/business_economics/monopoly.html/ [Accessed 15 Mar. 2023].
5. Ekpeyong, P. and Akintunde, B. (2022). WHY IS MONOPOLY SUCH A BAD IDEA? A CASE STUDY OF NIGERIAN ELECTRICITY REGULATORY COMMISSION. [online] Researchgate. Available at: https://www.researchgate.net/publication/361115183_WHY_IS_MONOPOLY_SUCH_A_BAD_IDEA_A_CASE_STUDY_OF_NIGERIAN_ELECTRICIY_REGULATORY_COMMISSION [Accessed 15 Mar. 2023].
6. Kamerschen, D. (n.d.). The Economic Effects of Monopoly: A Lawyer’s Guide to Antitrust The Economic Effects of Monopoly: A Lawyer’s Guide to Antitrust Economics Economics. Mercer Law Review Mercer Law Review, [online] 27(4), pp.7–1976. Available at: https://digitalcommons.law.mercer.edu/cgi/viewcontent.cgi?article=1094&context=jour_mlr [Accessed 15 Mar. 2023].
7. Kotcofana, T., Altunyan, A. and Bazzhina, V. (2020). The impact of monopolism on the stability of economic development in the conditions of globalization. SHS Web of Conferences, 74, p.06013.
8. wits.worldbank.org. (2023). HH Market concentration index By Country in 1988 - 2020 | WITS Data. [online] Available at: https://wits.worldbank.org/CountryProfile/en/country/by-country/startyear/ltst/endyear/ltst/indicator/HH-MKT-CNCNTRTN-NDX# [Accessed 15 Mar. 2023].
9. World Bank (2022). GDP per capita (current US$) | Data. [online] Worldbank.org. Available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD [Accessed 15 Mar. 2023].
10. www.justice.gov. (2015). Herfindahl-Hirschman Index. [online] Available at: https://www.justice.gov/atr/herfindahl-hirschman-index#:~:text=The%20term%20%E2%80%9CHHI%E2%80%9D%20means%20the [Accessed 15 Mar. 2023].
11. Zukhriddinoglu, N. J. (2022). Theoretical Foundations of the Concept of the Company's Competitiveness. International Journal on Orange Technologies, 4(3), 86-90.
12. Nizomiddinov, J. Z. O., & Burkhanov, A. U. (2022). IMPROVING METHODS FOR ASSESSING THE COMPETITIVENESS OF TRADE ENTERPRISES. In АКТУАЛЬНЫЕ ВОПРОСЫ НАУКИ 2022 (pp. 42-44).
13. Usmanovich, B. A. (2021). WAYS TO IMPROVE THE FINANCIAL RESULTS OF ENTERPRISES. In Interdisciplinary Conference of Young Scholars in Social Sciences (USA) (pp. 176-178).
14. Zuhriddin o’g’li, N. J. (2022). O'ZBEKISTONDA ICHKI TURIZMNI RIVOJLANTIRISH. BARQARORLIK VA YETAKCHI TADQIQOTLAR ONLAYN ILMIY JURNALI, 2(6), 159-163.
15. Zuhriddin o’g’li, N. J. (2022). RAQAMLI TEXNOLOGIYALARNING TASHQI IQTISODIY FAOLIYATNI RIVOJLANTIRISHDAGI O ‘RNI. IJTIMOIY FANLARDA INNOVASIYA ONLAYN ILMIY JURNALI, 2(6), 45-48.
16. Zukhriddin o’g’li, N. J. (2022). MUQIMIYNING IJODIY MEROSI. TA'LIM VA RIVOJLANISH TAHLILI ONLAYN ILMIY JURNALI, 2(3), 82-85.
17. Zuxriddin o‘g‘li, N. J. (2022). КОРХОНАЛАР РЕНТАБЕЛЛИГИНИ ОШИРИШ ЙЎЛЛАРИ. BARQARORLIK VA YETAKCHI TADQIQOTLAR ONLAYN ILMIY JURNALI, 212-215.
18. Zukhriddinoglu, N. J., & Usmanovich, B. A. (2022). Improving Methods for Assessing the Competitiveness of Trade Enterprises. International Journal on Integrated Education, 5(2), 42-44.
19. Oglu, N. J. Z., & Usmanovich, B. A. (2022). Increasing the competitiveness of an industrial enterprise in the foreign market.
20. Usmanovich, B. A. (2022). CONDITIONS AND FACTORS FOR INCREASING COMPETITIVENESS. Лучшая научно-исследовательская работа 2022 3, 53.
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Published
2023-07-26
How to Cite
Saidov Khabibulla Shavkat ogli. (2023). The negative effect of monopolistic firms on the economy of developing countries. Central Asian Journal of Innovations on Tourism Management and Finance, 4(7), 236–242. https://doi.org/10.51699/cajitmf.v4i7.571
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