Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions
Abstract Using a spatial autoregressive model of cross‐sectional and panel data, we study the determinants and dominant strategies of foreign direct investment (FDI) inflows into Russia before and after the 1998 financial crisis. The important determinants of FDI inflows into Russian regions since t...
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crwiley:10.1111/j.1467-9701.2008.01145.x 2024-06-02T08:13:56+00:00 Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions Ledyaeva, Svetlana 2009 http://dx.doi.org/10.1111/j.1467-9701.2008.01145.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1467-9701.2008.01145.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1467-9701.2008.01145.x en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor The World Economy volume 32, issue 4, page 643-666 ISSN 0378-5920 1467-9701 journal-article 2009 crwiley https://doi.org/10.1111/j.1467-9701.2008.01145.x 2024-05-03T10:40:26Z Abstract Using a spatial autoregressive model of cross‐sectional and panel data, we study the determinants and dominant strategies of foreign direct investment (FDI) inflows into Russia before and after the 1998 financial crisis. The important determinants of FDI inflows into Russian regions since the start of transition appear to be market size, the presence of large cities and sea ports, oil and gas availability, proximity to European market, and political and legislative risks. Since 1998, it appears the importance of big cities, the Sakhalin region, oil and gas resources, proximity to European markets, and legislation and political risks has increased. Our results also reveal a shift from horizontal FDI strategy to vertical FDI strategy in the post‐crisis period. Using a multiple spatial lags approach, we show that neighbouring port‐endowed regions tend to have emerged in the post‐crisis era as competitors for FDI. Article in Journal/Newspaper Sakhalin Wiley Online Library The World Economy 32 4 643 666 |
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Wiley Online Library |
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English |
description |
Abstract Using a spatial autoregressive model of cross‐sectional and panel data, we study the determinants and dominant strategies of foreign direct investment (FDI) inflows into Russia before and after the 1998 financial crisis. The important determinants of FDI inflows into Russian regions since the start of transition appear to be market size, the presence of large cities and sea ports, oil and gas availability, proximity to European market, and political and legislative risks. Since 1998, it appears the importance of big cities, the Sakhalin region, oil and gas resources, proximity to European markets, and legislation and political risks has increased. Our results also reveal a shift from horizontal FDI strategy to vertical FDI strategy in the post‐crisis period. Using a multiple spatial lags approach, we show that neighbouring port‐endowed regions tend to have emerged in the post‐crisis era as competitors for FDI. |
format |
Article in Journal/Newspaper |
author |
Ledyaeva, Svetlana |
spellingShingle |
Ledyaeva, Svetlana Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
author_facet |
Ledyaeva, Svetlana |
author_sort |
Ledyaeva, Svetlana |
title |
Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
title_short |
Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
title_full |
Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
title_fullStr |
Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
title_full_unstemmed |
Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions |
title_sort |
spatial econometric analysis of foreign direct investment determinants in russian regions |
publisher |
Wiley |
publishDate |
2009 |
url |
http://dx.doi.org/10.1111/j.1467-9701.2008.01145.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1467-9701.2008.01145.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1467-9701.2008.01145.x |
genre |
Sakhalin |
genre_facet |
Sakhalin |
op_source |
The World Economy volume 32, issue 4, page 643-666 ISSN 0378-5920 1467-9701 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/j.1467-9701.2008.01145.x |
container_title |
The World Economy |
container_volume |
32 |
container_issue |
4 |
container_start_page |
643 |
op_container_end_page |
666 |
_version_ |
1800737589336997888 |