RESEARCH ON ECONOMIC GROWTH USING THE COBB-DOUGLAS PRODUCTION FUNCTION

This article examines the study of economic growth in Uzbekistan using the Cobb-Douglas production function based on econometric methods. The Cobb-Douglas production model is developed using data on capital, labor force, and energy consumption. The study evaluates the interrelation and efficiency of production factors based on GDP statistical data and three types of indicators affecting it during 2010–2023. This approach is applied to develop essential recommendations for economic growth and strategy formulation.

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Publication Details

Journal
International Journal Of Management And Economics Fundamental
Published
2024-12-01
DOI
https://doi.org/10.37547/ijmef/volume04issue12-18
Primary Topic
Economic theories and models
Type
article
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article

RESEARCH ON ECONOMIC GROWTH USING THE COBB-DOUGLAS PRODUCTION FUNCTION

Muminova Makhbuba Abduvafayevna, Aziza Asrorova Oybekovna
1 links
International Journal Of Management And Economics Fundamental
Economic theories and models
article

RESEARCH ON ECONOMIC GROWTH USING THE COBB-DOUGLAS PRODUCTION FUNCTION

Muminova Makhbuba Abduvafayevna, Aziza Asrorova Oybekovna
article en

Abstract

This article examines the study of economic growth in Uzbekistan using the Cobb-Douglas production function based on econometric methods. The Cobb-Douglas production model is developed using data on capital, labor force, and energy consumption. The study evaluates the interrelation and efficiency of production factors based on GDP statistical data and three types of indicators affecting it during 2010–2023. This approach is applied to develop essential recommendations for economic growth and strategy formulation.

International Journal Of Management And Economics FundamentalVol. 4(12)
Openalex Percentile: Top 68%
Economic theories and models
DOIOpen Access PDFOpenAlex
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RESEARCH ON ECONOMIC GROWTH USING THE COBB-DOUGLAS PRODUCTION FUNCTION — Muminova Makhbuba Abduvafayevna, Aziza Asrorova Oybekovna · International Journal Of Management And Economics Fundamental (2024) | TGRS Research Map | TGRS