Importance Under severe shortage of own sources to finance economic growth, developing countries tend to attract funds from abroad in the form of foreign direct investment (FDI). Objectives The study aims to explore models of interaction of Russian regions with certain investment partners, in particular, to identify preconditions and results of presence of investors from China in the subjects of the Russian Federation. Methods In the work, I built a multivariate regression model (pooled regression) for 2010–2013 that reflects the motives of Chinese investors for FDI in Russian regions. Results Using the econometric methods, the study proves that investors from China are looking for raw commodities in the neighboring to Beijing Russian regions that do not have an intense resource base. Conclusions The obtained scientific results define the further vector of research in the analysis and modeling approaches of individual countries or groups of countries to implement FDI in the subjects of the Russian Federation, which will give rise to a balanced and reasonable regional investment policy.
Valiullin Kh.Kh., Shakirova E.R. [Heterogeneity of the investment space of Russia: A regional aspect]. Problemy prognozirovaniya = Problems of Forecasting, 2004, no. 1, pp. 157–165. (In Russ.)
Valiullin Kh.Kh., Shakirova E.R. [Foreign investment in the regions of Russia and China]. Problemy prognozirovaniya = Problems of Forecasting, 2004, no. 5, pp. 101–116. (In Russ.)
Gimadieva L.Sh. [Trends and prospects for the use of foreign direct investment in the regional economy (the Republic of Tatarstan case)]. Scientific Journal of KubSAU, 2016, no. 115. (In Russ.) Available at: Link.
Sharaeva E.O. [Possible measures to improve the investment climate in regions of the North Caucasian Federal District]. TERRA ECONOMICUS, 2011, vol. 9, no. 2-2, pp. 195–198. (In Russ.)
Gornostaeva L.A. [Attracting the foreign capital during the period of post-crisis recovery of the Russian economy]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Phenomena and Processes, 2010, no. 6, pp. 63–67. (In Russ.)
Kapustina L.M., Lipkova L., Fal'chenko O.D. [Evaluating the contribution of foreign direct investment in the economic development of the Sverdlovsk oblast and Russia]. Ekonomika regiona = Economy of Region, 2016, vol. 12, no. 3, pp. 741–754. (In Russ.)
Borensztein E., De Gregorio J., Lee J.-W. How Does Foreign Direct Investment Affect Economic Growth? Journal of International Economics, 1998, vol. 45, pp. 115–135.
Alfaro L., Chanda A., Sayek S. et al. FDI and Economic Growth: The Role of Local Financial Markets. Journal of International Economics, 2004, no. 64, pp. 89–112.
Nesterova D.V., Mariev O.S. [Factors of attracting the foreign direct investment to Russian regions]. Ekonomika regiona = Economy of Region, 2005, no. 4, pp. 57–70. (In Russ.)
Iwasaki I., Suganuma K. Foreign Direct Investment and Regional Economic Development in Russia: An Econometric Assessment. Economic Change and Restructuring, 2015, vol. 48, iss. 3, pp. 209–255.
Buccellato T., Santangelo F. Foreign Direct Investments Distribution in the Russian Federation: Do Spatial Effects Matter? Centre for the Study of Economic and Social Change in Europe, Economics Working Papers, 2009, no. 99, pp. 1–29.
Kuznetsov A.V. [Foreign direct investment: A neighborhood effect]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2008, no. 9, pp. 40–47. (In Russ.)
Goleva G.A. [Theoretical and methodological approaches to the study of foreign direct investment: A brief review]. TERRA ECONOMICUS, 2012, vol. 10, no. 2-3, pp. 13–15. (In Russ.)
Huang Y., Wang B. Chinese Outward Direct Investment: Is There a China Model? China and World Economy, 2011, vol. 19, no. 4, pp. 1–21.
Izotov D.A. [A program for regional cooperation between the Russian East and the North-East of China: Present and Future]. Prostranstvennaya ekonomika = Spatial Economics, 2014, no. 2, pp. 149–176. (In Russ.)
Potapenko M.V. [China's investment in countries of Africa: Potential risks for Russia]. Sovremennye problemy nauki i obrazovaniya = Modern Problems of Science and Education, 2013, no. 1, p. 277. (In Russ.)
Novopashina A. The Effect of the Border on Chinese Direct Investments: Evidence from Russian Border Regions. Eurasia Border Review, 2013, vol. 4, no. 2, pp. 37–56.