The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce
This study examines the interrelationship between economic growth, foreign investment, and e-commerce development in Kyrgyzstan from 2010 to 2022. Using correlation and regression analyses, the research reveals a strong positive relationship between foreign investment and GDP growth, with a 1% chan...
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| Format: | Article |
| Language: | English |
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Qubahan
2024-11-01
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| Series: | Qubahan Academic Journal |
| Online Access: | https://journal.qubahan.com/index.php/qaj/article/view/1024 |
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| author | Du Wenyang Yihong Zhang Bolot Dzhamankulov |
| author_facet | Du Wenyang Yihong Zhang Bolot Dzhamankulov |
| author_sort | Du Wenyang |
| collection | DOAJ |
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This study examines the interrelationship between economic growth, foreign investment, and e-commerce development in Kyrgyzstan from 2010 to 2022. Using correlation and regression analyses, the research reveals a strong positive relationship between foreign investment and GDP growth, with a 1% change in foreign investment corresponding to a 0.86% change in GDP. The study finds that increased investment and economic growth in key sectors such as information and communication, financial intermediation, and trade have significantly contributed to e-commerce expansion. This is evidenced by increases in Internet access points, mobile subscriptions, and bank card circulation. The research utilizes the UNCTAD B2C E-commerce Index to track Kyrgyzstan's progress in e-commerce readiness, showing improvements correlating with economic and investment growth. Practical implications for policymakers were created. It is recommended to prioritize policies that attract foreign investment, particularly in ICT, financial services, and trade sectors to stimulate e-commerce growth; develop targeted strategies to improve digital infrastructure and increase internet accessibility nationwide; implement regulations that facilitate secure online transactions and protect consumer rights in e-commerce; invest in digital literacy programs to increase e-commerce adoption among the population; create incentives for businesses to develop online platforms and integrate e-commerce into their operations; foster partnerships between foreign investors and local businesses to transfer knowledge and technology in e-commerce.
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| format | Article |
| id | doaj-art-78ed0e7e34ac4cc5a92495fab374d0fb |
| institution | Kabale University |
| issn | 2709-8206 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Qubahan |
| record_format | Article |
| series | Qubahan Academic Journal |
| spelling | doaj-art-78ed0e7e34ac4cc5a92495fab374d0fb2025-02-03T10:11:26ZengQubahanQubahan Academic Journal2709-82062024-11-014410.48161/qaj.v4n4a10241024The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerceDu Wenyang0Yihong Zhang1Bolot Dzhamankulov2Faculty of Economics, Kyrgyz National University named after Jusup Balasagyn, Bishkek, Kyrgyz Republic;Faculty of Economics, Kyrgyz National University named after Jusup Balasagyn, Bishkek, Kyrgyz Republic;Department of Theoretical Foundations of Developing Economies, Institute of Economics named after academician J. Alyshbaev of the National Academy of Sciences of the Kyrgyz Republic, Bishkek, Kyrgyz Republic. This study examines the interrelationship between economic growth, foreign investment, and e-commerce development in Kyrgyzstan from 2010 to 2022. Using correlation and regression analyses, the research reveals a strong positive relationship between foreign investment and GDP growth, with a 1% change in foreign investment corresponding to a 0.86% change in GDP. The study finds that increased investment and economic growth in key sectors such as information and communication, financial intermediation, and trade have significantly contributed to e-commerce expansion. This is evidenced by increases in Internet access points, mobile subscriptions, and bank card circulation. The research utilizes the UNCTAD B2C E-commerce Index to track Kyrgyzstan's progress in e-commerce readiness, showing improvements correlating with economic and investment growth. Practical implications for policymakers were created. It is recommended to prioritize policies that attract foreign investment, particularly in ICT, financial services, and trade sectors to stimulate e-commerce growth; develop targeted strategies to improve digital infrastructure and increase internet accessibility nationwide; implement regulations that facilitate secure online transactions and protect consumer rights in e-commerce; invest in digital literacy programs to increase e-commerce adoption among the population; create incentives for businesses to develop online platforms and integrate e-commerce into their operations; foster partnerships between foreign investors and local businesses to transfer knowledge and technology in e-commerce. https://journal.qubahan.com/index.php/qaj/article/view/1024 |
| spellingShingle | Du Wenyang Yihong Zhang Bolot Dzhamankulov The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce Qubahan Academic Journal |
| title | The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce |
| title_full | The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce |
| title_fullStr | The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce |
| title_full_unstemmed | The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce |
| title_short | The Impact of Economic Growth and Foreign Investment on the Advancement of E-commerce |
| title_sort | impact of economic growth and foreign investment on the advancement of e commerce |
| url | https://journal.qubahan.com/index.php/qaj/article/view/1024 |
| work_keys_str_mv | AT duwenyang theimpactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce AT yihongzhang theimpactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce AT bolotdzhamankulov theimpactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce AT duwenyang impactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce AT yihongzhang impactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce AT bolotdzhamankulov impactofeconomicgrowthandforeigninvestmentontheadvancementofecommerce |