RESEARCH ON THE IMPACT OF FOREIGN DIRECT INVESTMENT (FDI) AND TRADE OPENNESS ON ECONOMIC GROWTH BASED ON OLS (EVIDENCE FROM UZBEKISTAN)
Keywords:
OLS, FDI, GDP, Uzbekistan, Trade opennessAbstract
This study uses OLS to analyze the impact of FDI and trade openness on Uzbekistan’s economic growth. The regression analysis results passed the 5% significance test. FDI and trade openness have a significant positive impact on Uzbekistan's economic growth. For every 1% increase in FDI, the increase in GDP is 0.624 %, while for every 1% increase in trade openness, the increase in GDP is 1.08%. Thus, FDI and trade openness are necessary and effective for Uzbekistan.
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