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Institutional Transformation of the Gas Supply Sector
Corresponding Author(s) : Rabbinov Jakhongir Rustamovich
American Journal of Economics and Business Management,
Vol. 7 No. 12 (2024): December
Abstract
This study explores the gas supply sector through an institutional lens, focusing on the insights of economists analyzing industries within this framework. It examines reform measures, transaction costs, and the positive and negative factors influencing the sector, highlighting various approaches to institutional transformation. Addressing a gap in understanding institutional impacts on gas supply, the research aims to develop proposals that incorporate these aspects. Utilizing a qualitative methodology, the study identifies key institutional barriers and opportunities for improvement. Findings emphasize the critical role of reducing transaction costs and aligning reforms with institutional dynamics, offering practical implications for enhancing sector efficiency and sustainability.
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- D. C. North, "Institutions," The Journal of Economic Perspectives, vol. 5, no. 1, pp. 97–112, Winter 1991.
- F. A. Hayek, The Constitution of Liberty. Chicago, IL: The University of Chicago Press, 1960.
- A. Auzan et al., Institutional Economics: New Institutional Economic Theory: Textbook for Students of Higher Educational Institutions Studying Economics. Moscow, Russia: INFRA-M, 2011, 445 p. ISBN: 978-5-16-004387-6.
- S. J. Liebowitz and S. E. Margolis, "The Fable of the Keys," The Journal of Law and Economics, vol. 33, no. 1, pp. 1–25, Apr. 1990, doi: 10.1086/467198.
- "Yevropeyskaya Koleya," Wikipedia: The Free Encyclopedia, [Online]. Available: https://ru.wikipedia.org.
- "Russkaya Koleya," Wikipedia: The Free Encyclopedia, [Online]. Available: https://ru.wikipedia.org.
- D. J. Puffert, "Path Dependence in Spatial Networks: The Standardization of Railway Track Gauge," Explorations in Economic History, vol. 39, no. 3, pp. 282–314, Jul. 2002, doi: 10.1006/exeh.2002.0786.
- President of the Republic of Uzbekistan, "Strategy of Uzbekistan–2030," Presidential Decree No. PF-158, Sep. 11, 2023. [Online]. Available: https://lex.uz/docs/6600413
- "History," Uztransgaz Joint Stock Company, [Online]. Available: https://utg.uz/uz/about/history/
- President of the Republic of Uzbekistan, "On Ensuring Stable Supply of Energy Resources to the Population and Economy, Financial Recovery of the Oil and Gas Sector, and Improving Its Management System," Decree No. PQ-4388, Jul. 9, 2019. [Online]. Available: https://lex.uz/docs/4410278
- President of the Republic of Uzbekistan, "On Next Reforms to Create Conditions for Sustainable Economic Growth Through Improving the Business Environment and Developing the Private Sector," Decree No. PF-101, Apr. 8, 2022. [Online]. Available: https://lex.uz/docs/5947775
- President of the Republic of Uzbekistan, "Additional Measures for Reforming the Natural Gas Market," Decree No. PQ-280, Jun. 15, 2022. [Online]. Available: https://lex.uz/docs/6072689
- President of the Republic of Uzbekistan, Official Website, [Online]. Available: https://president.uz/uz/lists/view/6741
- Ministry of Economy and Finance of the Republic of Uzbekistan, Budget Reports, [Online]. Available:
- https://api.mf.uz/media/filestore/IB_2022_uz_comp.pdf
- https://api.mf.uz/media/document_files/Budjet_23_uz.pdf
- https://api.mf.uz/media/document_files/Budjet_P_24_uz.pdf
- https://api.mf.uz/media/document_files/Budjet_P_25_uz.pdf
- Cabinet of Ministers of the Republic of Uzbekistan, Resolutions No. 633, Jul. 30, 2019; No. 348, Jun. 30, 2022; No. 475, Sep. 15, 2023; No. 204, Apr. 16, 2024. [Online]. Available: https://lex.uz
- President Shavkat Mirziyoyev, "Speech at the First Session of the Senate of the Oliy Majlis After Parliamentary Elections," Nov. 19, 2024. Press Secretary Official Channel, [Online]. Available: https://t.me/Press_Secretary_Uz
- President of the Republic of Uzbekistan, "On Measures for the Quality and Timely Implementation of the Uzbekistan–2030 Strategy in 2023," Decree No. PQ-300, Sep. 11, 2023. [Online]. Available: https://lex.uz/docs/6600390#6606378
- D. C. North, Transaction Costs, Institutions, and Economic Performance. San Francisco, CA: ICS Press, 1992.
- D. C. North and J. J. Wallis, "Integrating Institutional Change and Technical Change in Economic History: A Transaction Cost Approach," Journal of Institutional and Theoretical Economics (JITE), vol. 150, no. 4, pp. 609–624, 1994.
- D. C. North, "Institutions, Transaction Costs, and Productivity in the Long Run," Economic History, no. 9309004, 1993.
References
D. C. North, "Institutions," The Journal of Economic Perspectives, vol. 5, no. 1, pp. 97–112, Winter 1991.
F. A. Hayek, The Constitution of Liberty. Chicago, IL: The University of Chicago Press, 1960.
A. Auzan et al., Institutional Economics: New Institutional Economic Theory: Textbook for Students of Higher Educational Institutions Studying Economics. Moscow, Russia: INFRA-M, 2011, 445 p. ISBN: 978-5-16-004387-6.
S. J. Liebowitz and S. E. Margolis, "The Fable of the Keys," The Journal of Law and Economics, vol. 33, no. 1, pp. 1–25, Apr. 1990, doi: 10.1086/467198.
"Yevropeyskaya Koleya," Wikipedia: The Free Encyclopedia, [Online]. Available: https://ru.wikipedia.org.
"Russkaya Koleya," Wikipedia: The Free Encyclopedia, [Online]. Available: https://ru.wikipedia.org.
D. J. Puffert, "Path Dependence in Spatial Networks: The Standardization of Railway Track Gauge," Explorations in Economic History, vol. 39, no. 3, pp. 282–314, Jul. 2002, doi: 10.1006/exeh.2002.0786.
President of the Republic of Uzbekistan, "Strategy of Uzbekistan–2030," Presidential Decree No. PF-158, Sep. 11, 2023. [Online]. Available: https://lex.uz/docs/6600413
"History," Uztransgaz Joint Stock Company, [Online]. Available: https://utg.uz/uz/about/history/
President of the Republic of Uzbekistan, "On Ensuring Stable Supply of Energy Resources to the Population and Economy, Financial Recovery of the Oil and Gas Sector, and Improving Its Management System," Decree No. PQ-4388, Jul. 9, 2019. [Online]. Available: https://lex.uz/docs/4410278
President of the Republic of Uzbekistan, "On Next Reforms to Create Conditions for Sustainable Economic Growth Through Improving the Business Environment and Developing the Private Sector," Decree No. PF-101, Apr. 8, 2022. [Online]. Available: https://lex.uz/docs/5947775
President of the Republic of Uzbekistan, "Additional Measures for Reforming the Natural Gas Market," Decree No. PQ-280, Jun. 15, 2022. [Online]. Available: https://lex.uz/docs/6072689
President of the Republic of Uzbekistan, Official Website, [Online]. Available: https://president.uz/uz/lists/view/6741
Ministry of Economy and Finance of the Republic of Uzbekistan, Budget Reports, [Online]. Available:
https://api.mf.uz/media/filestore/IB_2022_uz_comp.pdf
https://api.mf.uz/media/document_files/Budjet_23_uz.pdf
https://api.mf.uz/media/document_files/Budjet_P_24_uz.pdf
https://api.mf.uz/media/document_files/Budjet_P_25_uz.pdf
Cabinet of Ministers of the Republic of Uzbekistan, Resolutions No. 633, Jul. 30, 2019; No. 348, Jun. 30, 2022; No. 475, Sep. 15, 2023; No. 204, Apr. 16, 2024. [Online]. Available: https://lex.uz
President Shavkat Mirziyoyev, "Speech at the First Session of the Senate of the Oliy Majlis After Parliamentary Elections," Nov. 19, 2024. Press Secretary Official Channel, [Online]. Available: https://t.me/Press_Secretary_Uz
President of the Republic of Uzbekistan, "On Measures for the Quality and Timely Implementation of the Uzbekistan–2030 Strategy in 2023," Decree No. PQ-300, Sep. 11, 2023. [Online]. Available: https://lex.uz/docs/6600390#6606378
D. C. North, Transaction Costs, Institutions, and Economic Performance. San Francisco, CA: ICS Press, 1992.
D. C. North and J. J. Wallis, "Integrating Institutional Change and Technical Change in Economic History: A Transaction Cost Approach," Journal of Institutional and Theoretical Economics (JITE), vol. 150, no. 4, pp. 609–624, 1994.
D. C. North, "Institutions, Transaction Costs, and Productivity in the Long Run," Economic History, no. 9309004, 1993.