Importance In the context of modernization of developing countries' economy, the main sources of new technologies are State and foreign direct investment. It should be noted that new technologies borrowed from developed countries contribute not only to the process of updating the technological base of industry, but also to the formation of new skills, knowledge and management practices. Objectives The purpose of the study is to identify the degree of influence of State and foreign direct investment on the information technology industry. The main hypothesis of the paper is that foreign direct investment has a greater effect on the production targets of the industry as compared to State investment, as they are the main source of new technologies, knowledge and management practices in developing countries. Methods We used a correlation-regression analysis model, which enables to identify the parameters of dependence of the selected indicators. Results The study indicates that foreign direct investment has a greater effect on the dynamics of production in the information and telecommunication technologies sector. According to the analysis, the article suggests a number of measures that can provide an increase in foreign direct investment in the high-tech industries of the Russian economy.
Keywords: ICT, Russia, foreign direct investment, public investment, regression analysis, sources, modernization
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