Effects of Foreign Direct Investment and Firm Export in Economic Growth: Evidence from Uzbekistan

Abstract

Uzbekistan’s economy has been enjoying a progressive economic growth thanks to diversified export structure, attracted foreign direct investment (FDI), more sophisticated industries and open economic policy. Impact of inward FDI and export has become more significant due to their rapid shift and extension across all industries. This article examines the impact of FDI based firms on economic growth through export capacity and effect analysis, and provides recommendation for further improvement of export-oriented performance of FDI-based firms.

Keywords: foreign direct investment, export capacity, FDI-based firm, economic growth, Uzbekistan