Page 181 - Theoretical and Practical Interpretation of Investment Attractiveness

Spain, Greece, Japan, China, India, Russia and Japan. a number of other countries. The
situation with connection to power grids has worsened: from 35th to 36th place - decreased
by 1 place. Building permits moved up +2 places from 134th to 132nd. In international trade,
it rose +13 positions from 165 to 152.
According to the report, there are serious problems in Uzbekistan in the following
indicators. These are: the process of obtaining a building permit consists of 17 principles,
takes on average 246 days , and the cost of obtaining a permit is 3% of the total construction
cost; The real estate registration process consists of 9 stages, takes on average 43 days and
costs 0.7% of the property value.
Of course, there is no doubt that in the future, government agencies will carry out
consistent reforms to improve rating indicators. It should be noted that the improvement of
the Law on Electronic Commerce will also have a serious positive effect, opening up a wider
path for online stores. Simplification of connection to electrical networks is also reflected in
the regulatory documents adopted in our country, for example, in the activities of the Single
Window center.

Before you pray, educate your heart. Because words come from the
heart and come out of the tongue. J. Rumi

4.4. Econometric analysis of investment factors based on panel data and its results

Based on the results of the study, it became clear that various methods for determining
and calculating the attractiveness of the investment environment are widely used by a number
of rating agencies, prestigious international organizations and scientific journals. This
paragraph provides an econometric analysis of factors influencing changes in investments in
the conditions of Uzbekistan, their weight and level.
Economic theories related to investment attractiveness have been studied in the
previous paragraphs. In their opinion, investment attractiveness is influenced by a number of
factors, in particular, the size of GDP and its growth rate, infrastructure, per capita income,
the size of the economically active population, the size of industry, agriculture and the
country's service sector. explained the economy, the cost of fixed assets, etc.
Based on the current conditions, the economic indicators selected for analysis, that is,
the attractiveness of the investment environment and the factors influencing it, are from a
number of sources, including the local State Statistics Committee of the Republic of
Uzbekistan, the Ministry of Economy. foreign ones were also used - the World Bank, the
International Monetary Fund, international organizations under the auspices of the UN. The
type of data collected is panel, and regions of the Republic of Uzbekistan (14 administrative
districts) are taken as panel units. Each region reflects data for 2000-2016. A preliminary
representation of the collected panel data is presented in the table below.

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