Page 229 - Theoretical and Practical Interpretation of Investment Attractiveness

It is considered appropriate to implement the following measures in order to increase
the place and status of Uzbekistan in the international arena, to ensure its economic
development at a higher pace, to expand the source of income of the population, to increase
the opportunities for the entry of foreign trade, and to further increase the investment
attractiveness of the regions:
first, to ensure the participation of Uzbekistan in a number of international ratings and
to implement socio-economic, political-legal and complex measures against the low position
of the country in the existing rating indicators;
secondly, to determine the factors that affect the attractiveness of the investment
environment, to accurately calculate the scope of their influence.
12. Taking into account the socio-economic potential of the regions of Uzbekistan, it
is appropriate to publish the "Annual statistical map" on the attractiveness of the investment
environment of each region (provinces, the city of Tashkent, and the Republic o f
Karakalpakstan) by the State Statistics Committee.
It is acceptable to include the following indicators on this map:
economic efficiency of investments;
development potential of the area;
the main components of the tax policy;
natural-geographical and infrastructural potential of the region;
citizenship index. It covers structural indicators related to social activity of the
population, management efficiency, access to education and health services, access to
various socio-economic information, their openness, closeness and cooperation of local
authorities with the population.
13. When assessing the investment attractiveness (IA) of regions, it is recommended
to carry out the following steps:
Choosing a system of indicators (factors) in the assessment of the general
condition of the regions. At this stage, indicators (factors) that serve to determine the IJ of
the area are selected and their impact level is determined.
Integral indicators that the region IA evaluates and justification of their
importance. At this stage, using correlation regression analysis and econometric modeling
methods, the statistical significance of each influencing factor is calculated. The degree of
influence of factors is determined on the basis of sample observations and hypotheses are
tested.
Evaluation of private indicators based on the point system, calculation of the
average score of each separately obtained factor. At this stage, the IA of the area is
determined by taking each factor into account through scoring. In this, the degree of impact
and weight of each factor is evaluated.
Making a final conclusion on the IA of the area. Brief conclusions on the region's
IA, which is necessary information for investors, are formed. It makes it possible to evaluate
and compare the opportunities and socio-economic potential of the regions. Through the point
system, it will be possible to give a quantitative and qualitative evaluation of the region's IA.
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