Comparative statistical analysis of foreign trade indicators of the Republic of Uzbekistan
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Merchandise exports and imports, GDP, Pooled OLS, Fixed Effects, Random Effects models.Аннотация
In the past decade, the global economy has undergone rapid, volatile, and transformative developments across
a wide range of countries. These dynamic shifts necessitate a revision of traditional economic analysis and the formulation
of new conceptual frameworks. This study presents a comparative evaluation of the impact of merchandise exports and
imports on GDP between Uzbekistan and its major trading partners. The empirical investigation applies econometric
techniques, including the Pooled Ordinary Least Squares (Pooled OLS), Fixed Effects, and Random Effects models.
The findings provide practical insights into how trade dynamics influence macroeconomic performance, particularly GDP
growth.
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