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FDI in Central Asia: Uzbekistan

Author

Listed:
  • Kechagia, Polyxeni
  • Metaxas, Theodore

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

  • Kechagia, Polyxeni & Metaxas, Theodore, 2016. "FDI in Central Asia: Uzbekistan," MPRA Paper 71326, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:71326
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    File URL: https://mpra.ub.uni-muenchen.de/71326/1/MPRA_paper_71326.pdf
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    References listed on IDEAS

    as
    1. Annageldy Arazmuradov, 2015. "Can Development Aid Help Promote Foreign Direct Investment? Evidence from Central Asia," Economic Affairs, Wiley Blackwell, vol. 35(1), pages 123-136, February.
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    3. Omri, Anis & Nguyen, Duc Khuong & Rault, Christophe, 2014. "Causal interactions between CO2 emissions, FDI, and economic growth: Evidence from dynamic simultaneous-equation models," Economic Modelling, Elsevier, vol. 42(C), pages 382-389.
    4. Gregory J. Brock, 1998. "Foreign direct investment in Russia's regions 1993-95. Why so little and where has it gone?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 349-360, November.
    5. Othman, J & Jafari, Y & Sarmidi, T, 2014. "Economic Growth, Foreign Direct Investment, Macroeconomic Conditions and Sustainability in Malaysia," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 215-226.
    6. Olimjon Saidmamatov & Sanaatbek Salaev & Bahtiyor Eshchanov & Li Shimin, 2014. "Renewable energy potential of developing countries: the drivers towards a green economy (a case study from Uzbekistan)," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 8(2), pages 134-143.
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    10. repec:ipg:wpaper:2014-542 is not listed on IDEAS
    11. Jakhongir Kakhkharov & Alexandr Akimov, 2014. "Estimating remittances in the former Soviet Union: Methodological complexities and potential solutions," Discussion Papers in Finance finance:201403, Griffith University, Department of Accounting, Finance and Economics.
    12. Sorin Krammer, 2010. "International R&D spillovers in emerging markets: The impact of trade and foreign direct investment," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 19(4), pages 591-623.
    Full references (including those not matched with items on IDEAS)

    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
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • 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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