Econometric Models of Innovative Development of Industrial Enterprises (on the Example of Kashkadarya Region)

Abstract This article is devoted to the analysis of econometric models that guarantee the innovative development of industrial enterprises in the Kashkadarya region. The study explores the state of industrial production, innovation activity and technological modernization determinants. Particular focus is on working out the econometric links between the turnover of investments, expenditures on innovations, production efficiency and competitiveness of enterprises. It shows that the use of novel methods like digital technologies, automation and sophisticated models of statistics have a major impact on industry productivity. The results of the research aimed at the transition from potential innovation forces of the region to obtaining direct costs of sustainable industrial growth in the region showed that in order to increase the level of sustainable industrial growth, it is necessary to use high-quality resources. As a result, the paper argues that econometric models are useful analytical tools for estimating strategies of industrial development, predicting indicators of economic performance and drafting evidence-based policy advice for increasing innovative activity in industrial firms.