Macroeconomic Determinants of Digital Technology Adoption in Uzbekistan
DOI:
https://doi.org/10.31150/ajebm.v8i4.3472Keywords:
Digital transformation, ICT sector, investment, inflation, interest rates, ARDL model, Uzbekistan, macroeconomic impact, digital economy, financial environment.Abstract
This study explores the impact of key macroeconomic indicators—namely investment levels, inflation, and credit interest rates—on the pace and depth of digital transformation among businesses in Uzbekistan. Utilizing national data from 2019 to 2024, the research applies the Autoregressive Distributed Lag (ARDL) model to evaluate both the short-term and long-term effects of these variables on the development of the digital economy. The analysis reveals that investment has a statistically significant and positive long-term effect on digital transformation, while inflation exhibits a negative correlation. Meanwhile, high credit interest rates are found to hinder the implementation of long-term digital projects, particularly among small and medium enterprises. The findings highlight the necessity of a stable macroeconomic environment for fostering effective digitalization and offer practical insights for policymakers and business leaders seeking to accelerate digital transformation initiatives in Uzbekistan.
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Copyright (c) 2025 Abdurahmonov Abdumalik Abdurashidovich
This work is licensed under a Creative Commons Attribution 4.0 International License.
