Volume 11 - Volume 11
The Impact of the Digitalization Process and Investment on the Structural Changes of the Economy
Abstract
This article analyzes the impact of digitalization on the structural changes of the economy on the
example of Uzbekistan. The degree of effectiveness of the investment factor in such circumstances is
also considered. The research work of a number of scientists has been studied and the necessary
aspects for research have been presented. The main factor determining the level of digitalization is
the gross value added of the digital economy to GDP. The next factor influencing structural change is
the inflow of investment in fixed assets. An econometric analysis was performed to determine the
relationship between the factors and a conclusion was drawn based on the results. The study was
conducted for the period 2016-2020 of the Uzbekistan’s economy. The article also theoretically
explores and analyzes structural changes in the economy, its impact on economic development,
factors influencing structural changes, and the impact of investment flows on the economy and
structural changes. The study found a strong correlation between GDP and gross value added in the
ICT sector. In addition, the analysis found that investment has a positive effect on structural changes,
as a result of increased investment in fixed assets increases both the volume of GDP and the level of
structural change.
Paper Details
PaperID: 2264
Author's Name: Avazov Nuriddin, Azimova Lola and Saidjon Khayitov
Volume: Volume 11
Issues: Volume 11
Keywords: Structural Changes, Investment Flows, Digital Services, ICT (Information and Communication Technologies), GDP, Digital Economy, Investment Climate, Investment Attractiveness, Foreign Investment, Economic Structure, Industry, Services, Agriculture, Construction.
Year: 2021
Month: June
Pages: 2194-2207