MULTIDIMENSIONAL RELATIONSHIP BETWEEN EXPORT PERFORMANCE AND REAL SECTOR RESOURCES IN KHORESM REGION
DOI:
https://doi.org/10.47390/SPR1342V5I12Y2025N17Keywords:
export, canonical correlation analysis, regional economy, investment, labor resources, diversification.Abstract
This study examines the multivariate relationship between export performance and real sector resources in the Khorezm region of Uzbekistan over the period 2020–2024. While previous studies have typically focused on pairwise correlations or linear regressions, this paper uses Canonical Correlation Analysis (CCA) to identify the structural covariance between two blocks of variables: export performance (export volume, number of target countries, annual growth rate) and real sector resource performance (number of firms, number of employees, investment volume). Using standardized annual data and R-based econometric modeling, the analysis shows that the first canonical measure captures almost the entire variance (canonical correlation r ≈ 0.997), indicating a very strong and synchronous relationship between resource expansion and export performance. The second canonical measure (r ≈ 0.75) reflects structural differences in resource composition and export patterns, while the third measure is statistically insignificant.
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