The Export Performance of the Regions of Uzbekistan and its Main Determinants
Abstract
This paper investigates causal relationships between export performance and foreign investments, innovations, region`s competitiveness and openness in Uzbekistan. The aim is to show the main determinants of the export performance of regions in Uzbekistan providing sustainable economic growth. This investigation is conducted in two stages. First, we provide descriptive statistics for foreign trade in Uzbekistan and its regions. Second, we test the relationship between export performance and foreign investments, innovations, region`s competitiveness and openness in Uzbekistan. We use OLS methods to test the significances of the relationships including other variables which may affect economic performance and export volumes of the regions. We use the data on regions from “The State Committee of the Republic of Uzbekistan on Statistics”. In the conclusion part, we give policy implications to increase export performance of the regions.