Publication Details
Abstract
This study aims to evaluate the key determinants of economic growth in the Surkhandarya region of Uzbekistan using econometric methods. The analysis is based on regional statistical data covering the period 2010–2024 and investigates the relationship between economic growth and major socio-economic indicators, including investment, foreign direct investment (FDI), exports, employment, and education.
The study employs descriptive statistics, Pearson correlation analysis, Variance Inflation Factor (VIF) diagnostics, and Ordinary Least Squares (OLS) regression techniques. The findings reveal that investment is the most significant determinant of economic growth in the region, while export and employment indicators do not exhibit statistically significant effects within the study period. Diagnostic tests, including the Durbin–Watson, Jarque–Bera, Breusch–Pagan, and Ramsey RESET tests, confirm the adequacy and reliability of the estimated model.
The results suggest that enhancing investment activity, improving the efficiency of capital allocation, and expanding regional productive capacity are essential for accelerating economic growth in the Surkhandarya region. The findings provide valuable policy implications for regional development planning and investment promotion strategies.