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INVESTMENT RESOURCES AND THEIR IMPACT ON SUSTAINABLE ECONOMIC GROWTH OF THE REPUBLIC OF TAJIKISTAN

Author (s)

Shakirov F.T., Mirzoboeva D.D.

Abstract

The article examines the theoretical and practical aspects of the formation and use of investment resources as one of the key factors in ensuring sustainable economic growth in Tajikistan. The purpose of the study is to comprehensively analyze the dynamics, structure, and effectiveness of investment resources, as well as to identify the specific features of their impact on the country's macroeconomic development. The study's methodological basis was comprised of systems and structural-dynamic analysis, a comparative economic approach, as well as statistical analysis and economic interpretation of quantitative data. It was found that, despite the growth in absolute investment volumes, their relative role in GDP formation is declining, indicating structural constraints on investment development. Imbalances in the distribution of investment resources were identified: a high concentration of investments in the industrial sector and insufficient investment activity in agriculture and infrastructure. The research's scientific novelty lies in its substantiation of the proposition that the sustainability of economic growth is determined not so much by the volume of investment resources as by their qualitative structure and focus. The results obtained can be used in developing public investment policy and mechanisms for improving the effectiveness of investment activities.

Keywords

investments; investment resources; sustainable economic growth; investment activity; macroeconomic development; gross domestic product; investment development; state investment policy

References

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