MINING SECTOR GROWTH AND MANUFACTURING INDUSTRY GROWTH IN UZBEKISTAN: EVIDENCE FROM A SHORT-RUN OLS ANALYSIS
Abstract
This study examines the relationship between mining sector growth and manufacturing industry growth in Uzbekistan during 2010–2025 using annual time-series data. The empirical analysis was conducted using a log-differenced Ordinary Least Squares (OLS) model with robust standard errors. The results revealed a positive and statistically significant relationship between the variables. In particular, a 1% increase in mining sector growth was associated with approximately 0.36% growth in manufacturing industry output in the short run. The findings suggest that mining sector dynamics are positively associated with manufacturing development in Uzbekistan. However, due to the limited number of annual observations, the empirical results should be interpreted with caution.