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Review Article

JCR. 2020; 7(2): 742-747


THE IMPACT OF R&D ON ECONOMIC GROWTH OF UZBEKISTAN

Madina Rajapova.

Abstract
This paper aims to determine factors influencing the economic growth of the country and its quantity. According to the World Bank, in recent years, 2-2.5% of global GDP is spent on research and development activities, of which 2.5% in high-income countries and 1.5% in low- and middle-income countries. Investigation of the crisis, importance, and impact of the market of intellectual goods and services in Uzbekistan is one of the most pressing issues today. This article is based on data provided by the Statistical Committee of the Republic of Uzbekistan on research and development of the forecast of foreign investments for 2018-2030. As a result, scientifically grounded proposals and recommendations have been developed to achieve sustainable economic growth in Uzbekistan and the growth of R&D.

Key words: GDP, economic growth, econometric analyze, R&D, RI, HEI


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