PANEL DATA ANALYSIS: DIGITALIZATION OF TRANSPORT AND ECONOMIC GROWTH IN CENTRAL ASIAN COUNTRIES

Abstract

Digitalization optimizes, accelerates, and systematizes work in many sectors and has become a necessary part of modern life today. One of the main problems of the transport system of Central Asian countries is different transport rules with big documentation processes that negatively impact to transportation and time costs. This article examines the relationship between the digitalization of the transport system and the economic growth of Central Asian countries over the period 2010-2020. For analysis, we used Panel Data method where we can see the impact of the three main independent variables on economic growth: transport infrastructure, trade, and online transport documentation system. The results show that the digitalization of the transport system even in starting stages positively impacts economic growth by 11%.