Impact of Energy Consumption on Agricultural Economics in Uzbekistan: An ARDL Approach
Abstract
This study focuses on the relationship between renewable energy production, fossil fuel energy consumption, energy imports and total energy consumption, and examines the impact of energy consumption on the agricultural sector of Uzbekistan. learns Using data from 1990 to 2022 and using an autoregressive distributed lag (ARDL) model, the study aims to understand the short-term and long-term effects of these variables on the agricultural economy. The results show significant relationships with renewable energy production and energy imports having a positive effect on the agricultural economy, while fossil fuel consumption has a negative effect. The results emphasize the importance of energy policy in shaping the economic performance of the agricultural sector and emphasize the need to increase investments in renewable energy sources to ensure the sustainable development of agriculture in Uzbekistan.