FACTORS INFLUENCING THE EFFICIENCY OF MANAGEMENT OF FREE ECONOMIC ZONES

Abstract

This scientific study provides an in-depth analysis of the factors influencing the management efficiency of free economic zones (FEZs) in the Republic of Uzbekistan, assessing their contribution to socio-economic development using mathematical modeling. Using the Jizzakh Free Economic Zone as a case study, the research identifies key factors affecting production volume from 2015 to 2024 — namely, foreign investment and employment levels. The study employs the Cobb-Douglas production function to construct a classical linear regression model, along with an autoregressive (AR) model, correlation-regression analysis, and evaluation through Fisher’s criterion, Student’s t-test, and the Durbin-Watson statistic.