International Journal of Research in Finance and Management
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E-ISSN: 2617-5762|P-ISSN: 2617-5754

International Journal of Research in Finance and Management

2021, Vol. 4, Issue 1
Foreign direct investment and domestic investment on the economic growth of the Uzbekistan: A VECM analysis

Kobilov A and Kurbonov O

The present paper deals with the relationship between FDI, GDP, and DI using a vector error-correction model (VECM). The empirical model is based on quarterly data for the period 2010-2019 in Uzbekistan. The Granger causality test indicates a positive significant bidirectional relationship between GDP and GDP Granger causes FDI and a change in the GDP indicate in advance a change in the level of FDI The variance decomposition indicates that fluctuations in FDI are explained by the shocks in GDP (55.0 percent) and Uzbekistan’s domestic investment has a greater impact on growth than FDI.
Pages : 19-24 | 206 Views | 85 Downloads
How to cite this article:
Kobilov A, Kurbonov O. Foreign direct investment and domestic investment on the economic growth of the Uzbekistan: A VECM analysis. Int J Res Finance Manage 2021;4(1):19-24.
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International Journal of Research in Finance and Management