FACTORS INFLUENCING THE DEVELOPMENT OF THE FOOD PROCESSING INDUSTRY: AN ECONOMIC ANALYSIS
DOI:
https://doi.org/10.5281/zenodo.17443526Keywords:
food industry, capital productivity, labor productivity, investment efciency, employment, industrial development, correlation analysis, descriptive statistics, structural transformationAbstract
This article explores the key economic factors influencing the development of the food processing industry
in Uzbekistan during the period 2010–2023. Based on ofcial statistical data, the study identifes production output,
capital investment, and employment as the primary drivers of sectoral growth. Using descriptive methods, the research
analyzes trends in these variables and introduces two relative efciency indicators capital productivity (output per unit of
investment) and labor productivity (output per employee with 2010 serving as the baseline year. The analysis reveals a
strong and sustained increase in labor productivity, which rose more than ninefold by 2023, alongside a notable decline in
capital productivity, indicating reduced investment efciency despite rising capital inflows. Pearson correlation coefcients
demonstrate strong associations between investment, output, and employment, although they are partially influenced
by nominal trends. The results highlight structural shifts in the industry and suggest that targeted investment strategies,
productivity-enhancing reforms, and efcient labor utilization are critical economic factors shaping the development of
Uzbekistan’s food processing sector.
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