Econometric Analysis of the Impact of Digital Infrastructure on Investment Practices in Uzbekistan
Abstract
The development of digital infrastructure creates a favorable environment for innovation, attracts foreign investors, and promotes economic growth. The purpose of this investigation is to econometrically analyze the impact of digital infrastructure on investment practices in Uzbekistan. The research design is longitudinal, and the research approach is quantitative. Pooled OLS estimators (POLSE), Fixed effects estimators (FEE), and Random effects estimator (REE) models and Gauss Markov terms, Shapiro-Wilk, and Durbin Watson tests were chosen by the researchers for carrying out this research, and models and tests were developed in Stata software. The finding of the current study is that digital infrastructure can improve investment practices in Uzbekistan. According to the econometrical analyses, factors such as the number of Internet users, the number of computers connected to local networks, and the pay for information and communication technology (ICT) workers all have a significant impact on how much fixed capital is invested in a country's economy.