Corporate governance quality, foreign direct investment, and economic growth: a panel econometric analysis of central Asian countries (2003–2024)..

Pulatov, Yusufjon

Муҳандислик ва Иқтисодиёт · 2026-yil

Annotatsiya

This study examines the relationship between governance quality, foreign direct investment (FDI), and economicgrowth in Central Asia from 2003 to 2024. The research utilizes the Bertelsmann Transformation Index (BTI) anda random-effects GLS panel model to analyze the direct and indirect effects of governance reforms on growth throughforeign direct investment (FDI). The results demonstrate that improvements in governance are positively associated withFDI inflows, though insignificantly, indicating that existing institutional reforms have not yet increased the ability to attractinvestment. Similarly, foreign direct investment brings about a positive and modest impact on economic growth, suggestinglimited spillover benefits. When all factors are analyzed simultaneously, governance demonstrates a significantnegative short-term impact on growth, while the indirect effect via FDI remains weak. The results indicate that CentralAsia is still in a transitional phase and implementing its governance reforms, while foreign direct investment continues torely on resources. To transform developments in governance into sustainable, investment-driven growth, it is essential toenhance institutional confidence, diversify investments, and improve public sector efficiency.

Maqola ma’lumotlari
MualliflarPulatov, Yusufjon
JurnalМуҳандислик ва Иқтисодиёт
NashriyotПлеханов номидаги Россия иқтисодиёти университетининг Тошкент шаҳридаги филиали
ISSN3060-463X, 3060-463X
Nashr sanasi2026-06-01
Jild4
Son6
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

governance, Foreign Direct Investment, BTI Index, economic growth, reforms, Central Asia

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAPulatov, Yusufjon (2026). CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024)... Муҳандислик ва Иқтисодиёт, 4(6). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/3249
GOST (OAK)Pulatov, Yusufjon CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024).. // Муҳандислик ва Иқтисодиёт. – 2026. – T. 4, № 6.
MLAPulatov, Yusufjon. “CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024)...” Муҳандислик ва Иқтисодиёт, 4(6), 2026. https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/3249
ChicagoPulatov, Yusufjon. “CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024)...” Муҳандислик ва Иқтисодиёт, 4(6) (2026). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/3249
HarvardPulatov, Yusufjon (2026) ‘CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024)..’, Муҳандислик ва Иқтисодиёт, 4(6). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/3249
BibTeX
@article{pulatovyusufjon2026,
  title = {CORPORATE GOVERNANCE QUALITY, FOREIGN DIRECT INVESTMENT, AND ECONOMIC GROWTH: A PANEL ECONOMETRIC ANALYSIS OF CENTRAL ASIAN COUNTRIES (2003–2024)..},
  author = {Pulatov, Yusufjon},
  journal = {Муҳандислик ва Иқтисодиёт},
  year = {2026},
  volume = {4},
  number = {6},
  url = {https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/3249}
}

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