Analysis of relationship between trade costs and Uzbekistan`s bilateral trade: theories and concepts

  • Shomurodov Tokhir Boymurod ugli Phd student of School of Economics, Beijing Technology and Business University, China (Senior lecturer, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics)
  • Karimova Latofat Sadullayevna Assistant teacher, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics
  • Ganiev Bakhtiyor Zulfikor ugli PhD student of Tashkent State University of Economics
  • Quziyeva Gulnoza Rashidovna Assistant teacher, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics
  • Rahmonov Bekzod Sharibjon ugli Assistant teacher, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics
Keywords: bilateral trade, trade costs, tariffs, exchange rate

Abstract

This paper examines the factors affecting Uzbekistan's bilateral trade flows, especially the relationship between trade costs and trade volume over the past decade. It uses a variety of tests, a gravity model, and an OLS regression method. The obtained results are similar to the previous literature, but some unexpected results were observed. It also provides conclusions and recommendations for future problems through the analysis of the results obtained. The main independent variable trade cost showed its expected result. A percentage increase in trade costs will reduce Uzbekistan's bilateral trade volume by 0.03%. Its relationship with bilateral trade is negative and significant

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Published
2021-03-25
How to Cite
Shomurodov Tokhir Boymurod ugli, Karimova Latofat Sadullayevna, Ganiev Bakhtiyor Zulfikor ugli, Quziyeva Gulnoza Rashidovna, & Rahmonov Bekzod Sharibjon ugli. (2021). Analysis of relationship between trade costs and Uzbekistan`s bilateral trade: theories and concepts. International Journal on Economics, Finance and Sustainable Development, 3(3), 132-140. https://doi.org/10.31149/ijefsd.v3i3.1436
Section
Articles

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