Public-private partnerships and infrastructure investment as drivers of economic growth in Uzbekistan: an econometric analysis

Mustafoyev, Kuvonchbek

Иқтисодиёт ва туризм · 2026-yil

Annotatsiya

Background: Public-private partnerships (PPPs) have emerged as a pivotal mechanism forfinancing infrastructure development in transition economies with constrained public budgets.Despite growing policy interest, the macroeconomic impact of PPP-driven infrastructureinvestment in Uzbekistan remains empirically underexplored.Aim: This study examines the relationship between PPP-based infrastructure investment and GDPgrowth in Uzbekistan over the period 2000–2023, with a focus on the transport, energy, and watersupply sectors.Methods: We employ Ordinary Least Squares (OLS) regression, the Autoregressive DistributedLag (ARDL) bounds-testing approach, and Granger causality tests using annual data sourced fromthe State Statistics Committee of Uzbekistan, the World Bank, and the Asian Development Bank.Results: Empirical findings confirm that a 1% increase in PPP infrastructure investment as a shareof GDP is associated with a 1.42–1.87% increase in real GDP in the long run. Transport and energyinfrastructure demonstrate the strongest multiplier effects. Institutional quality and financial sectordepth moderate the relationship.Conclusion: Strengthening the PPP regulatory framework, expanding long-term financinginstruments, and improving institutional capacity are critical enablers for sustaining infrastructuredriven economic growth in Uzbekistan. The proposed "5I Strategic Model" offers a coherentroadmap for policy implementation.

Maqola ma’lumotlari
MualliflarMustafoyev, Kuvonchbek
JurnalИқтисодиёт ва туризм
NashriyotБухоро давлат университети
ISSN2004-2024
Nashr sanasi2026-04-17
Jild2
Son28
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

GDP, economic growth, infrastructure investment

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAMustafoyev, Kuvonchbek (2026). PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS. Иқтисодиёт ва туризм, 2(28). https://interjournal.uz/index.php/journals/article/view/428
GOST (OAK)Mustafoyev, Kuvonchbek PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS // Иқтисодиёт ва туризм. – 2026. – T. 2, № 28.
MLAMustafoyev, Kuvonchbek. “PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS.” Иқтисодиёт ва туризм, 2(28), 2026. https://interjournal.uz/index.php/journals/article/view/428
ChicagoMustafoyev, Kuvonchbek. “PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS.” Иқтисодиёт ва туризм, 2(28) (2026). https://interjournal.uz/index.php/journals/article/view/428
HarvardMustafoyev, Kuvonchbek (2026) ‘PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS’, Иқтисодиёт ва туризм, 2(28). https://interjournal.uz/index.php/journals/article/view/428
BibTeX
@article{mustafoyevkuvonchbek2026,
  title = {PUBLIC-PRIVATE PARTNERSHIPS AND INFRASTRUCTURE INVESTMENT AS DRIVERS OF ECONOMIC GROWTH IN UZBEKISTAN: AN ECONOMETRIC ANALYSIS},
  author = {Mustafoyev, Kuvonchbek},
  journal = {Иқтисодиёт ва туризм},
  year = {2026},
  volume = {2},
  number = {28},
  url = {https://interjournal.uz/index.php/journals/article/view/428}
}

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