Publication Details
Abstract
The paper discusses the importance of investments in the socio-economic development of the regions, paying special attention to the consequences of effective use of investments. There are the sparse econometric models delineating the impact of investment on socio-economic indicators among regional areas. The research reveals a difference between regions in terms of their attractiveness for investment projects, and value chain analysis with correlation and regression has been used to compare the distribution of investments with their impact on GDP growth. According to the analysis of 14 regions of Uzbekistan, some regions are high investment attractions (for example, Tashkent) whereas while there are external and internal problems in the regions as all the regions couldn’t attract the investments, preparedness to receive foreign investments make them lose their position in ranking. The research shows significantly high positive correlations of fixed capital investment with both industrial and construction sectors while with agriculture the strength of the correlation is weak. It highlights the need for better interventions between regional investment to narrow gaps with particular reference to enhancing market mechanisms and further liberalisation of national financial systems. It has recommended to optimize investment structures and attract more investments without state guarantees. These results provide essential guidance on investment policy in order to foster more balanced socio-economic development across the regions of Uzbekistan.regression model