FDI IN CENTRAL ASIA: THE CASE OF UZBEKISTAN

Theodore Metaxas and Polyxeny Kechagia ()

Applied Econometrics and International Development, 2016, vol. 16, issue 1, 63-76

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.

Keywords: FDI; developing countries; Uzbekistan; Central Asia; capital inflows (search for similar items in EconPapers)
JEL-codes: F21 O16 O18 R11 (search for similar items in EconPapers)
Date: 2016
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