ECONOMETRIC MODELING OF THE EFFECTIVENESS OF POTENTIAL GROSS FACTORS IN THE ECONOMY OF UZBEKISTAN

Abstract

In this study, the influence of factors affecting the efficiency of gross factors was quantitatively evaluated. Binary variables were used for the existence of a shift in the trend of gross factor efficiency in the national economy. The fully optimized ordinary least squares (FMOLS) method was used because the gross factor efficiency and its activating factors were non-stationary with respect to time. According to the results of the research, it was found that increasing the index of economic freedom by 1 point can increase the efficiency of gross factors by 0.8%.