+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

Some features of the behavior of foreign partners when investing in the economy of the regions of the Russian Federation

Vol. 14, Iss. 3, MARCH 2016

PDF  Article PDF Version

Received: 20 November 2015

Accepted: 25 November 2015

Available online: 16 March 2016

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: R11

Pages: 28-38

Gorbunova M.L. Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia Federation
gorbunova@iee.unn.ru

Pchelintsev A.D. Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia Federation
alex0751@mail.ru

Ovchinnikov V.N. Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia Federation
robinzara@mail.ru

Subject The paper presents the main results of the study of the general and private approaches of foreign investors to the choice of the localization of their capital in the regions of the Russian Federation.
Objectives The paper aims to analyze the narrowness and directions of the relations between the investment potential/risk of regions of the Russian Federation and the investment activity registered within their borders by non-resident investors, in general and in the country terms.
Methods For the study, we used statistical and econometric methods of analysis.
Results We defined a criterion (typical for all investor countries) of the general investment choice of foreign investors. As well, we determined the direct and inverse relation between the level of investment activity of the non-resident investor and the investment potential/risk of the recipient areas, respectively.
Relevance The scientific results obtained determine the further research vector in the country study aspects of investment processes in the regions of the Russian Federation.

Keywords: foreign investment, potential, risk, activity, choice

References:

  1. Tatarkin A.I., Linetskii A.F. Razvitie vneshneekonomicheskoi deyatel'nosti Rossii na osnove ispol'zovaniya osobennostei sotsial'no-ekonomicheskogo kompleksa regiona [Development of foreign economic activities in Russia through the use of features of socio-economic complex of the region]. Ekonomika regiona = The Region's Economy, 2009, no. 1, pp. 125–135.
  2. Valiullin Kh.Kh., Shakirova E.R. Inostrannye investitsii v regiony Rossii i Kitaya [Foreign investment in the regions of Russia and China]. Problemy prognozirovaniya = Problems of Forecasting, 2004, no. 5, pp. 101–116.
  3. Valiullin Kh.Kh., Shakirova E.R. Neodnorodnost' investitsionnogo prostranstva Rossii: regional'nyi aspect [The heterogeneity of the investment space of Russia: a regional perspective]. Problemy prognozirovaniya = Problems of Forecasting, 2004, no. 1, pp. 157–165.
  4. Melnyk L., Kubatko O., Pysarenko S. The Impact of Foreign Direct Investment on Economic Growth: Case of Post-Communism Transition Economies. Problems and Perspectives in Management, 2014, no. 1, pp. 17–24.
  5. Ratnikova T.A., Gladysheva A.A. Rol' neodnorodnosti i vzaimnogo vliyaniya regionov Rossii v raspredelenii pryamykh inostrannykh investitsii v pishchevuyu otrasl' [The role of heterogeneity and mutual influence of Russian regions in the distribution of foreign direct investment in the food industry]. Ekonomicheskii zhurnal Vysshei shkoly ekonomiki = HSE Economic Journal, 2014, vol. 18, no. 2, pp. 285–327.
  6. Konigs J. The Effects of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies. Working Paper Series, 2000, no. 334.
  7. Borensztein E., De Gregorio J., Lee J.-W. How Does Foreign Direct Investment Affect Economic Growth? NBER Working Paper Series, 1995, no. 5057. doi: 10.3386/w5057
  8. Balasubramanyam V., Salisu N., Sapsford D. Foreign Direct Investment and Growth in EP and IS Countries. The Economic Journal, 1996, no. 106, pp. 92–105. doi: 10.2307/2234933
  9. Alfaro L., Chanda A., Sayek S. FDI and Economic Growth: The Role of Local Financial Markets. Journal of International Economics, 2004, no. 64, pp. 89–112. doi: 10.1016/S0022-1996(03)00081-3
  10. Wang M. Manufacturing FDI and Economic Growth: Evidence from Asian Economies. Applied Economics, 2009, no. 8, pp. 991–1002. doi: 10.1080/00036840601019059
  11. Zhukov L.M. Rol' regionov v formirovanii investitsionnogo klimata v Rossii [A role of regions in the forming of investment climate in Russia]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Bulletin, 2006, no. 5, pp. 44–50.
  12. Berkovich M.I., Polyakova N.F. Investitsionnaya privlekatel'nost' regiona: infrastrukturnyi aspect [Investment attractiveness of the region: an infrastructure aspect]. Problemy ekonomiki, finansov i upravleniya proizvodstvom: sbornik nauchnykh trudov vuzov Rossii = Problems of Economy, Finance and Production Management: Scientific Papers from Russia, 2013, no. 34, pp. 24–30.
  13. Subbotina L.V., Golovina S.G. Metodologicheskie podkhody k otsenke investitsionnoi privlekatel'nosti territorii (Rossiiskaya nauka i praktika) [Methodological approaches to the evaluation of investment attractiveness of the territories (Russian science and practice)]. Bulletin Kurganskoi GSKhA = Vestnik KSAA, 2014, no. 3, pp. 13–18.
  14. Grishina I.V., Shakhnazarov A.G., Roizman I.I. Kompleksnaya otsenka investitsionnoi privlekatel'nosti i investitsionnoi aktivnosti rossiiskikh regionov: metodika opredeleniya i analiz vzaimosvyazei [Integrated evaluation of the investment attractiveness and investment activity of the Russian regions: methods of determination and analysis of the linkages]. Investitsii v Rossii = Investment in Russia, 2000, no. 4, pp. 3–13.
  15. Kuz'mina N.N. Otsenka urovnya investitsionnoi privlekatel'nosti regiona (na primere Chuvashskoi Respubliki) [Evaluation of the level of investment appeal of the region: Evidence from the Chuvash Republic]. Vestnik Chuvashskogo universiteta = Bulletin of Chuvash University, 2009, no. 3, pp. 450–457.
  16. Ustyuzhina O.N., Khusainova S.V. Analiz podkhodov i metodov otsenki investitsionnoi privlekatel'nosti regionov [An analysis of approaches and methods to evaluate the investment attractiveness of regions]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Ser. 5: Ekonomika = Bulletin of Adyghe State University, Series Economics, 2013, no. 2, pp. 105–114.
  17. Klinova M.V., Sidorova E.A. Ekonomicheskie sanktsii i ikh vliyanie na khozyaistvennye svyazi Rossii s Evropeiskim soyuzom [Economic sanctions and their impact on the economic ties between Russia and the European Union]. Voprosy Ekonomiki, 2014, no. 12, pp. 67–79.
  18. Vardomskii L.B. Prigranichnoe sotrudnichestvo na “novykh i starykh” granitsakh Rossii [Cross-border cooperation at the ‘new and old’ borders of Russia]. Evraziiskaya ekonomicheskaya integratsiya = Eurasian Economic Integration, 2008, no. 1, pp. 90–108.
  19. Ryzhova N.P. Rol' prigranichnogo sotrudnichestva v razvitii okrainnykh gorodov Rossii i Kitaya [The role of cross-border cooperation in the development of the outlying cities of Russia and China]. Problemy Dal'nego Vostoka = Far Eastern Affairs, 2009, no. 4, pp. 59–74.

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 4
April 2024

Archive