PROCESSES OF FOREIGN TRADE IN UZBEKISTAN ANALYZED IN THE ARDL MODEL

Yuldashev Eldor Ilxomjonovich,

Doctoral student of Tashkent State

University of Economics

Tashkent, Uzbekistan. Email: eldor1989yuldashev@gmail.com

ORCID: 0000-0001-6558-5095

Abstract. This paper explored the net flow of foreign direct investment, the volume of imports, the value added created in agriculture, the impact of additional value created in industry on the increase in exports from factors affecting the volume of exports in the analysis of Uzbekistan’s foreign trade and analyzed in the ARDL model. In the course of scientific research on foreign trade statistics, it was proved that with the acceleration of integration processes in Jackson, an increase in trade relations between countries and, as a result, an increase in demand for statistical information on foreign trade, statistical analysis of foreign trade becomes relevant.

Coordination of foreign trade statistics around the world remains one of the most pressing problems in order to justify differences in official reports between countries, which are considered one of the factors that reduce the level of transparency and confidence in information about foreign trade activities in the world.

Intensive efforts to build a new Uzbekistan and the intensification of the process of international integration currently create the need to improve its statistical accounting and adapt it to world requirements in the development of foreign trade in our national economy. At the same time, the fact that our country is “doubly a landlocked country” (remote from the sea) also leads to the fact that huge inconveniences arise in foreign trade and a huge amount of statistical research is needed to eliminate them. Of course, foreign trade is of great importance for ensuring stable growth of the country’s production at a time when the world economy is causing a disruption of the economic balance due to unforeseen events in a very large volume. The study of the development of foreign trade on the basis of statistical patterns, the widespread use in practice of the results of its economic analysis leads to a steady increase in all macroeconomic indicators of the country. When organizing foreign trade statistics, special attention is paid to such statistical activities as the coordination of the statistical system, the formation of high-quality and operational data of a full level and tracking.

In accordance with the request for the development of the statistical system in Jahan, attention is paid at the government level to the coordination of the statistical system in Uzbekistan, improving the methodology for the formation and monitoring of the necessary information base, ensuring the continuous sustainable development of foreign trade processes in economically non-standard conditions.

Keywords. Foreign trade, export, import, industry, statistics of foreign trade, statistical analysis, econometric model, ARDL model.

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