Publication Details
Abstract
The impact of investment volume and economic returns in the Khorezm region of Uzbekistan for 2010-2024 is the aim of this research. The study highlights the establishment of the total capacity of investments, which has increased from 310.6 billion soums in 2010 to 12,380.3 billion soums in 2024, indicating a diversification of economic activity within the region. But this increase has not been paired with an increase in capital efficiency, especially in manufactFuncturing. The capital return indicator in the region fell from 11.9 units in 2010 to 5.2 units in 2024, which indicates a gap between investment inflow and economic growth. We used statistical methods to study the total capital return at the district level, finding egregious discrepancies between investment and its efficiency. Despite this, capital efficiency has worsened substantially on the district level in Urgench, Khiva and yet more so in Yangiarik and Yangibozor. The research calls for diversifying investments, increasing the appeal of lagging regions and prioritizing economic structures with greater value added potential, such as innovation and production. These results indicate that although investment volume has increased, its efficiency should be maximized to provide sustainable local growth. More work is required to understand the behavioral origins of these inefficiencies and to create appropriate policies motivated towards capital utilization across all sectors.