The Role of Digitalization in Economic Growth: Experience of Uzbekistan

With an emphasis on Uzbekistan, the study investigates how digitization promotes economic growth. The precise effects of digitalization elements on economic development are still not well understood, despite the rising body of research on digital economies. Using data from 2010 onward, the study used multiple linear regression to close this gap, looking at variables including software and information services and innovation spending. Information services and GDP growth were found to be strongly positively correlated, but software services had the opposite effect. Spending on innovation had a small but beneficial impact. According to the study, improving digital infrastructure and expanding internet adoption are essential for long-term economic growth, especially in emerging nations like Uzbekistan.