Journal of Science and Innovative Development ISSN 2181-4317

DEEPENING OF STRUCTURAL CHANGES IN THE DIGITAL ECONOMY AND ESTIMATING THE IMPACTS OF THE INVESTMENT FACTOR

Avazov Nuriddin Rustam o‘g‘li, Maxmudov Nosir Maxmudovich June 29, 2021

Abstract

<p>The article reviews the importance of structural changes in digitalization of&nbsp;the economy on the example of Uzbekistan. The degree of effectiveness of the investment&nbsp;factor in such circumstances is also taken into account. The research work of a number&nbsp;of scientists has been studied and relevant aspects of the research have been presented.&nbsp;The main factor which determins the level of digitalization is the gross value added of&nbsp;the digital economy to GDP. The next factor affecting the structural changes is the inflow&nbsp;of investments in fixed assets. Econometric analysis was carried out to determine the&nbsp; relationship between the factors, and the conclusion made was based on the results. The&nbsp;study was carried out for the period 2016-2020 of the economy of Uzbekistan. The article&nbsp;theoretically investigates and analyzes structural changes in the economy, their impact&nbsp;on economic development, factors influencing structural changes, as well as the impact&nbsp;of investment flows on the economy and structural changes. The study found a strong&nbsp;correlation between GDP and gross value added in the ICT sector. In addition, the analysis&nbsp;showed that investment has a positive effect on structural changes that increase both the&nbsp;volume of GDP and the rate of structural changes as a result of increased investment in&nbsp;fixed assets.</p>