Foreign Direct Investment and Economic Growth in Uzbekistan: A Quantitative Correlational Study
Keywords:
Foreign direct investments, Uzbekistan, economic growth, GDPAbstract
The purpose of this quantitative correlational research study was to examine the relationship between FDI and economic growth in Uzbekistan from 2000 to 2022. Archival data were collected from the World Bank for FDI net inflows as a percentage of GDP and GDP per capita growth as an annual percentage for Uzbekistan from 2000 to 2022. A Pearson correlation was used to determine the relationship among FDI, the predictor variable, and economic growth, the criterion variable. Results show that there was no correlation between FDI and economic growth for Uzbekistan from 2000 to 2022. There was a weak correlation between the factors. The statistical tests yielded data that supported the null hypothesis. Future research should segregate the data from the many areas of FDI, such as technology, entertainment, manufacturing, and natural resources, to better understand the nature of the relationship between FDI and economic growth.
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