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Fdi In Central Asia: The Case Of Uzbekistan

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  • METAXAS, Theodore
  • KECHAGIA, Polyxeni

Abstract

FDI inflows are a significant form of capital flows mostly towards the developing countries and they decisively affect the host country’s economic growth, the macroeconomic stability, the infrastructure and the governmental policy. The present paper focuses on the FDI inflows absorbed by the Central Asian countries, studying the case of Uzbekistan that attracts limited amount of FDI contrary to other countries of the region. It is argued that Uzbekistan attracts FDI mostly because of its market size and its adequacy on natural resources; however, the transformations performed failed to further increase the country’s attractiveness to foreign investors.

Suggested Citation

  • METAXAS, Theodore & KECHAGIA, Polyxeni, 2016. "Fdi In Central Asia: The Case Of Uzbekistan," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(1), pages 63-76.
  • Handle: RePEc:eaa:aeinde:v:16:y:2016:i:1_6
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    File URL: http://www.usc.es/~economet/journals1/aeid/aeid1616.pdf
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    Cited by:

    1. Kechagia, Polyxeni & Metaxas, Theodore, 2016. "FDI in Latin America: The case of Peru," MPRA Paper 72399, University Library of Munich, Germany.

    More about this item

    Keywords

    FDI; developing countries; Uzbekistan; Central Asia; capital inflows;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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