Economics, Econometrics and Finance
4 years ago

Uzbekistan's Economic Growth Driven by Domestic Investment, Not Foreign Investment.

Journal of Advanced Research in Dynamical and Control Systems
The Impact of Investment on the Economic Development of Uzbekistan
Anvar Kobilov

Paper Summary

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The article explores how foreign investment impacts Uzbekistan's economy. By analyzing data from 2010-2019, the researchers found that GDP and foreign investment have a positive relationship. Changes in GDP can predict changes in foreign investment levels. Most fluctuations in foreign investment are due to shocks in GDP. Domestic investment in Uzbekistan has a bigger impact on economic growth than foreign investment.