Publication Details
Abstract
The paper considers the problems of formation of an investment-attractive business environment in the regions of the Republic of Uzbekistan. Economic transformation: Structural shift and modernization Investment being a key factor for sustainable social-economic development, innovation and competitiveness in the frame of structural economic transformation and modernization. The objective of the work is to study regional investment attractiveness, its determinants and to justify practical proposals for improving the methodology investigation of this assessment and mechanisms governing it. The research uses the following: methods of economic analysis, comparison of statistical indicators, correlation analysis, observation, expert evaluation. Stimuli of investment attractiveness were grouped in terms of grades on their sensitivity to managerial intervention and delays of impact. The findings indicate that investment attractiveness is guided by a combination of macroeconomic stability, institutional quality, infrastructure development, efficiency of the financial system and capacity for innovativeness. It was concluded that fast reacting variables induce short term development in the investment flows with the structural and institutional drivers ensuring sustained growth. Results stress the necessity to improve regulation, establish regional financial infrastructure, promote technology between companies and institutions and support public–private partnerships. As a result, the article comes to the conclusion that for formation of favorable conditions for business activities and promoting capital flows as well as initiating entrepreneurship and maintenance of sustainable regional development it is important to conduct balanced investment policy.