Investments as a Key Driver of Achieving the Sustainable Development Goals
DOI:
https://doi.org/10.51699/cajitmf.v7i3.1315Keywords:
investment, fixed capital investment, sustainable development goals, SDG Index, economic growth, GDP, foreign direct investment, cointegration analysis, investment policy, UzbekistanAbstract
This study examines the role of investments as a key driver in achieving the Sustainable Development Goals (SDGs) in Uzbekistan. The research analyzes the dynamics of fixed capital investments and their contribution to economic growth and sustainable development during 2009–2024. Using statistical data and econometric methods, including correlation analysis and the Engle–Granger cointegration approach, the study evaluates the long-run relationship between Gross Domestic Product (GDP) and the SDG Index. The findings reveal a strong positive relationship between investment growth and GDP expansion, confirming that increased investment activity contributes significantly to socio-economic development. The cointegration results indicate the existence of a stable long-term equilibrium relationship between GDP and sustainable development indicators. The study concludes that effective investment policies, improvement of the investment climate, attraction of foreign direct investment, and support for innovation are essential factors for achieving sustainable economic growth and the Sustainable Development Goals in Uzbekistan.
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