The relationship economics growth between investment and digitalization

The relationship economics growth between investment and digitalization.

Avazov Avazov Nuriddin¹; Saidjon Khayitov^2
1Researcher Student of Tashkent State University of Economics, Tashkent, Uzbekistan.
^[e-mail]; ORCID: https://orcid.org/0000-0001-6347-7445
²PhD Student of Department of “Macroeconomic Analysis and Forecasting”, Tashkent State University of Economics, Tashkent, Uzbekistan.
^[e-mail]; ORCID: https://orcid.org/0000-0002-1614-5293

Abstract

There is analyzed the relationship between digitalization on the economic changes of the economy on the example of Uzbekistan in this article. The degree of effectiveness of the investment factor in such circumstances is also considered. The research work of a number of scientists has been studied and the necessary aspects for research have been presented. The main factor determining the level of digitalization is the gross value added of the digital economy to Gross Domestic Product. The next factor influencing structural change is the inflow of investment in fixed assets. An econometric analysis was performed to determine the relationship between the factors and a conclusion was drawn based on the results. The research was conducted from 2016 to 2020 years of the Uzbekistan’s economy. The article also theoretically explores and analyzes economic growth of the country, its impact on economic development, factors influencing structural changes, and the impact of investment flows on the economy and structural changes. The study found a strong correlation between GDP and gross value added in the Information and Communication Technology sector. In addition, the analysis found that investment has a positive effect on economic changes, as a result of increased investment in fixed assets increases both the volume of GDP and the level of structural change.
Key-words: Structural Changes, Investment Flows, Digital Services, ICT (Information and Communication Technologies), Gross Domestic Product, Digital Economy, Investment Climate, Investment Attractiveness, Foreign Investment, Economic Structure, Industry, Services, Agriculture, Construction.

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