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Finance and Credit
 

A model of international economic integration in commercial real estate markets

Vol. 29, Iss. 5, MAY 2023

Received: 4 May 2023

Received in revised form: 12 May 2023

Accepted: 19 May 2023

Available online: 30 May 2023

Subject Heading: INVESTING

JEL Classification: F15

Pages: 1062–1077

https://doi.org/10.24891/fc.29.5.1062

Valerii V. IVANOV Russian Foreign Trade Academy of Ministry of Economic Development of Russian Federation (RFTA), Moscow, Russian Federation
vivanov13@mail.ru

https://orcid.org/0009-0002-4288-5663

Roman O. SHOKHIN Russian Foreign Trade Academy of Ministry of Economic Development of Russian Federation (RFTA), Moscow, Russian Federation
Roman.Shokhin1@gmail.com

https://orcid.org/0009-0007-4612-688X

Subject. This article discusses the changes in the global retail market, economic models of interaction, and integration tools in international retail real estate markets.
Objectives. The article aims to analyze the development of the global retail market, trends in real estate investment, identify the main patterns of integration mechanisms of international real estate markets, as well as develop an economic model.
Methods. For the study, we used the methods of scientific knowledge, induction, analysis, synthesis, and comparison.
Results. The article identifies the main trends in the development of the global retail and real estate investment market, formulates the patterns of functioning of investment models of international cooperation in the construction of commercial retail real estate. The article also presents an author-developed model of integration incentives in the retail real estate and retail markets of friendly countries.
Relevance. The proposed model for stimulating the retail real estate and retail markets can be applied by representatives of countries experiencing external sanctions pressure on the economy, as well as partner States to launch new ways of international economic integration, improve the investment attractiveness of retail real estate, enhance the retail development, and attract new foreign players.

Keywords: international economic cohesion, retail, real estate market, commercial property, investment

References:

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