Qo‘ziboyev Jasurbek To‘xtasinboy o‘g‘li
Tashkent State University of Economics
Economics Faculty, 3-year student
Email: jasurbekqoziboyev531@gmail.com
Abstract. This paper asks whether renewable energy can support economic growth in Uzbekistan. Using annual World Bank data for 2001–2021 (21 observations) , it relates GDP per capita growth to the share of renewable electricity in total electricity output. A simple OLS model gives a positive coefficient of 0.269 (p < 0.05) with an R² of 0.28 , and the result holds under heteroskedasticity-robust standard errors. However, additional checks show that the link weakens when 2020 is excluded and disappears in first differences , while the renewable share itself is non-stationary. Because the series is overwhelmingly hydropower , and fell from 22.6% in 2008 to 7.1% in 2021, the findings are best read as a long-run co-movement and not as proof of causation.The paper closes with policy suggestions for diversifying Uzbekistan’s renewable mix .
Keywords: renewable energy, economic growth , hydropower, energy transition, sustainable development, GDP per capita growth, regression analysis.
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