Acknowledgement

Acknowledgement

I am not able to express enough gratitude to my supervisor for his continued support as well as encouragement. I offer my big as well as sincere appreciation for the feedbacks and learning opportunities provided by my supervisor during the year. I would also express my gratitude toward the module leader for teaching the subject.
My completion of this dissertation could not have been done without enormous support from my the LRC staff of the Westminster International University in Tashkent, especially for helping with the job of finding variables and sufficient data for my research. Furthermore, my special thanks go to my friends for helping me and supporting me during the hard times.
Nevertheless, I am also very grateful for my family, for supporting in any occasions, and letting me to study at one of the most popular University in Uzbekistan with high level teachers.

Abstract

The objective of this paper is to analyze economic condition of Tajikistan as well as provide with the variety means of increasing the rate of GDP growth in order to stabilize the economy and by the way improve the living standards of the people. The study applied different theories as well as study and research results carried out in other countries in order to find the main triggers of GDP growth and test. The research gathered reliable as well as valuable data from the internet, specifically from the online database of the World Bank, to run some statistical tests to fulfil the procedures of reliability and efficiency. The download and used data in the study are considered as secondary data. Based on the gathered and reviewed literature there are many common determinants of GDP but in this study the selected variables for testing procedures are external debt, service debt, foreign direct investment, trade openness as well as labor participation rate. In order to test and carry out several statistical test as well as regression model the software tool named “Stata” were utilized. To strengthen the results the research also used Ordinary least square assumption in Stata as well. The research also explains the methodology for research and provides empirical analyses in the sections below which resulted some unexpected results, in overall 3 factors out of 5 were significantly affecting the GDP growth rate, which are external debt, debt service as well as FDI, the other two variables lied in the border of insignificant according to the results.