Publication Details
Abstract
The importance of this article is rounded analysis of the formation system at social services sphere of Uzbekistan and its connections with key macroeconomic indicators. Design/methodology/approachThe goal of the study is to determine the utility relationship between social service output and GDP, public spending, employment rate, inflation and demographic factors. Methods: The research implements a systematic approach, statistical dynamics, comparative analysis, and correlation methods. The results show that social services, economic growth and government spending were positively related. Development financing of education and healthcare greases the wheels of human capital accumulation and macroeconomic stability. Simultaneously, inflation rates and changes in the job market can impact the value of social service delivery as well. The article's scientific contribution is the establishment of an integrated analytical framework that elucidates the transmission mechanism through which investment in social sectors modulates macroeconomic performance. We argue that this highlighted the role that the efficiency of social services plays as an important condition for inclusive and sustainable economic growth, a finding called out early on in the study.