SCENARIO ECONOMETRIC FORECASTS OF EXPORT DYNAMICS OF THE REPUBLIC OF UZBEKISTAN BASED ON A VECTOR ERROR CORRECTION MODEL

Authors

DOI:

https://doi.org/10.60078/2992-877X-2024-vol2-iss2-pp625-633

Abstract

The paper presents a systematic review of the literature on modeling export
dynamics based on vector autoregressions, as well as the results of econometric modeling and
scenario-based forecasts of export dynamics of the Republic of Uzbekistan based on a vector error
correction model. In conclusion, recommendations are provided to ensure an increase in the volume
of exports of the republic, taking into account external risks and internal macroeconomic factors

Keywords:

vector autoregression error correction model export macroeconomic variables scenario forecasts

References

Abdurakhmanova G., Jeong J., Oqmullayev R., Karimov M. (2021). The Impact of Tourism on Employment and Economic Growth in Uzbekistan: An ARDL bounds testing approach / ICFNDS 2021: The 5th International Conference on Future Networks & Distributed Systems, Dec. 2021;

Islamov B., Turdibaeva, M., Yusupov, A. (2022). Methodological Issues of Econometric Estimating Export Gravity Models / Proceedings of International Conference on Future Networks and Distributed Systems (ICFNDS '22), Tashkent State University of Economics, Tashkent, Dec. 15-16, 285–291;

Johansen, S. (1991). Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models // Econometrica, 59, 1551-1580;

Lucas, R. (1976). Econometric Policy Evaluation: A Critique // Carnegie-Rochester Conference Series on Public Policy 1, 19-46.

Ramos, F. (2001). Exports, imports, and economic growth in Portugal: evidence from causality and cointegration analysis // Economic Modelling 18: 613-623;

Salahodjaev R., Safarova N., Usmanova N. (2020). Determinants of Tourism Arrivals to Uzbekistan: Evidence from Dyadic Data // Tourism Review International, 24, 251–255;

Sims, C. (1980). Macroeconomics and Reality // Econometrica, 48(1), 1-48;

Sultanova G., Karimova Kh. (2022). Determinants of Fruit and Vegetable Exports through the Gravity Model Approach: In the Case of Uzbekistan // Change Management, 22, 506-574;

Указ (2022) Указ Президента Республики Узбекистан УП-60 от 28.01.2022 г. «О Стратегии развития Нового Узбекистана на 2022-2026 годы»;

Downloads

Published

How to Cite

Turdibaeva, M. (2024). SCENARIO ECONOMETRIC FORECASTS OF EXPORT DYNAMICS OF THE REPUBLIC OF UZBEKISTAN BASED ON A VECTOR ERROR CORRECTION MODEL. Economic Development and Analysis, 2(2), 625-633. https://doi.org/10.60078/2992-877X-2024-vol2-iss2-pp625-633