Economic Growth Rates and Technological Dynamics
DOI:
https://doi.org/10.31150/ajshr.v6i2.3331Keywords:
Economy, Economic Growth, Competition Policy, Monopolization, Technology, Technological Development Rates, Innovation, Market Dynamics, Regulatory Circles, Sustainable Economic DevelopmentAbstract
Economic growth depends closely on technological dynamics as they both determine the path of national progress. The research examines how technological improvements affect economic growth rates particularly during the rise of digital economies. Existing research shows technological innovations act as a primary growth factor but scholars still need to clarify how technology affects quantitative trends in growth rates and investment efficiency. Researchers used a combination of statistical methods with economic indicator comparisons between 2016 and 2024 from Uzbekistan in this investigation. A positive relationship between technological advancements and increased labor productivity and capitalized investments produces a calculated 6.6% GDP increase for 2024. Despite its findings the research reveals that human capital receives inadequate funding while digital technology adoption remains sluggish at present. To create lasting economic growth policy reforms must drive innovation while improving worker abilities and boost technological spending. The obtained findings deliver essential directives to economic strategists who operate in an emerging technological setting.
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