Economic Implications of Advanced International Migration Analysis in Central Asia

Farkhod Abdurakhmonov^1,*, Aziza Kurbanova²

¹DSc, Acting professor at the Department of “World Economy and International Economic Relations”, Tashkent State University of Economics, Uzbekistan

²Third-year undergraduate student specializing in “World Economy and International Economic Relations” at the Tashkent State University of Economics, Uzbekistan

Emails: farkhod68@gmail.com; azizkakurbanova2@gmail.com

Abstract

This study explores the economic implications of international migration dynamics in Central Asia over the past two decades. It provides an advanced analysis of migration patterns, identifying key destination trends and the economic, demographic, and political factors shaping these movements. Employing 24 years of panel data and econometric analysis using the OLS model, the research examines how variables such as GDP per capita, unemployment rates, inflation, and population growth influence migration flows across the region. Additionally, it assesses the impact of political stability on migration decisions and highlights the role of international organizations and regional cooperation frameworks in managing migration for economic development. The findings offer insights for policymakers aiming to harness migration as a driver of sustainable economic growth and regional integration.

Keywords: Economic Implications; Sustainable Economic Growth; The International Organization for Migrants; Central Asia; International Migration; Labour shortage; Demographic factor