Decomposition of Economic Growth in Uzbekistan
The purpose of this paper is to decompose the economic growth of Uzbekistan between 2009-2018 using Cobb-Douglas production function and the value added method. The results show that even though the growth of capital resources has been a key factor in ensuring economic growth of Uzbekistan in recent years, the total factor productivity and labor provided comparatively marginal but consistent contribution to the economic growth over the years. In terms of sectors, services and manufacturing have been one of the key factors of economic growth during the involved period, while the significance of agriculture in provision of economic growth has been decreasing during the recent years.
