Evaluation of Foreign Direct Investment Contribution in the Economic Development of Sverdlovsk Region and Russia

Kapustina, Larisa; Lipková, Ľudmila; Falchenko, Oksana

doi:10.17059/2016-3-11

Cited by 3 publications

(3 citation statements)

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“…Establishing the main determinants of economic growth is one of the key research questions of interest to scientists since the time of Smith (2007). There are a large number of works that study the factors and causes of the development of economic systems, among which are basic indicators such as human capital (Mankiw et al, 1992;Basu and Bhattarai, 2012;Ahuru and James, 2015); scientific and technological progress (Goncharova and Bezdenezhnykh, 2018;Zhou and Luo, 2018), digitalization and innovation (Dvas and Dubolazova, 2018;Rudskaya and Rodionov, 2018;Akinwale et al, 2020), effective institutions and investments (Tebaldi and Mohan, 2008;Kapustina et al, 2016;Karpenko, 2019;Kudryavtseva et al, 2020), natural resources and favorable geographic location (Alkhathlan, 2013;Tukan et al, 2015;Bhattarai and Taloba, 2017;Ushakov et al, 2019); spatial effects (Bernat, 1996;Niebuhr, 2003).…”

Section: Literature Viewmentioning

confidence: 99%

Assessment of the Contribution of Inter-Territorial Interaction in the Development of the National Economy

Kozonogova¹,

Dubrovskaya²,

Dubolazova³

2020

IJTech

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Section: Literature Viewmentioning

confidence: 99%

Assessment of the Contribution of Inter-Territorial Interaction in the Development of the National Economy

Kozonogova¹,

Dubrovskaya²,

Dubolazova³

2020

IJTech

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“…Early GRP evaluation method on the basis of relevant regional statistics [3] allows to anticipate the appearance of the indicator in press by 1-1.5 years. The pertinent challenge for Sevastopol is the attraction of investments, including foreign ones, as their flow is limited by sanctions, this is why the publications on the following topics are of interest: direct foreign investment influence on the economy of the receiving country and region [4]; measuring the contribution of direct foreign investments on production in Russian regions and interregional inequality by per capita real GRP [5]; investment attractiveness of regions as a key factor of encouraging foreign investments [6] and their impact on the Russian economy in terms of regions [7]; the interconnection between foreign investment and sanctions [8]; influence of investment process media coverage on the inflow of direct foreign investment into the region [9]; analysis of investment attractiveness evaluation methods by economic activities in regions [10]; influence of investments on social and economic development of a region [11], with options for assessment of the multiplying effects, that resulted from investments into certain industries and identification of growth focal points in regions. From our point of view, the proposed methods and simulations presented in the article will allow the regional authorities to conduct a more evidence-based development policy for the Russian regions.…”

Section: Introductionmentioning

confidence: 99%

Conditions and Trends of the Social and Economic Development of Sevastopol

Piskun¹,

Khokhlov²

2020

Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

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Sevastopol is a region of the Russian Federation and at the same time a municipality with its own social and economic development trends. This is a city with rich military history and potential for tourism development, high level of education and culture, unique geographic location and climate. From the investment point of view, the region is attractive as it has a developed transport infrastructure, a warm-water seaport, developing wine production, ship building and maintenance, fisheries and fish processing, information technologies; green, history and wine tourism. At the same time, experts believe that Sevastopol has an insignificant investment potential and moderate investment risks. The article proposes a hypothesis on the interconnection of such performance indicators of the social and economic development as gross regional product, investment into the capital stock and annual average wages. It does not seem possible to analyse more indicators due to the statistic timeline limitations associated with the development of a model (objective data on Sevastopol is available only for 4 years). The interconnection of the variables has the multicollinearity effect that can produce false results. In order to make objective evaluations, the article presents the methodology for developing vector auto-regression equations and assess its parameters, a system of structural and reduced simultaneous autoregressive equations was presented, the unknown parameters were assessed. The simulation allowed to prove that the wages is not influenced by investments, or GRP, or vice versa. GRP grew due to investments that had been increased thanks to state support. The developed models and accumulated data can be useful for the authorities in terms of pro-active management. Further research will be aimed at assessing the feasibility of the performance indicators under the Strategy for the social and economic development of Sevastopol until 2030 taking into the account the results published in this paper.

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“…On the other hand, Carkovic and Levine (2002) found that FDI inflows have no influence on economic growth. Kapustina, Lipkova and Falchenko (2016) also found that FDI's impact on economic growth in the Sverdlovsk region and in the Russia is weak. Instead, they found that the most important factor that has a positive influence on the growth of gross regional product and gross domestic product is represented by domestic investment in fixed assets.…”

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confidence: 99%

Analysis of Foreign Participation in the Share Capital of Companies From the Counties of North-West Region of Romania

Sehleanu

2019

OJBE

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Foreign investments represent a well known topic in the literature which has resulted from their economic, financial, technological, managerial and social contribution at the national and regional level of the receptive country. North-West region is part of the richer and more developed regions of Romania. Based on the statistical data provided by NTRO (2018, p.24), North-West region of Romania is ranked on the third position by the number of companies with foreign participation in the share capital and on the fourth position in terms of the value of the total subscribed capital in companies with foreign participation. The main objective of our study is to analyze the distribution of the number of registered companies with foreign participation in the share capital between the counties of North-West region of Romania and also to analyze the evolution of the value of subscribed capital in companies with foreign participation in the share capital within the counties of this region. We also analyzed the evolution of some selected indicators that we consider relevant for assessing the level of economic development of the counties located in North-West region of Romania. After pointing out the existing disparities in the level of development of the region’s counties, an important finding of our study is that there are major intra-regional disparities regarding both the value of subscribed capital and the number of registered companies with foreign participation in the share capital. There is a clear separation between the counties Cluj, Bihor and the rest of the region’s counties. Between 1991 and 2017, Cluj and Bihor counties attracted the largest number of foreign investors and recorded the highest values of the total subscribed capital in companies with foreign participation. At the opposite pole there are Bistriţa-Năsăud and Sălaj counties. This paper also provides a ranking of North-West region’s counties according to the two aspects regarding foreign participation, subject to analysis, i.e. the number of registered companies with foreign participation in the share capital and the value of subscribed capital.

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Evaluation of Foreign Direct Investment Contribution in the Economic Development of Sverdlovsk Region and Russia

Abstract: УДК 339.9 Л. М. Капустина а) , Л. Липковá б) , О. Д. Фальченко а) а) Уральский государственный экономический университет

Cited by 3 publications

References 0 publications

Assessment of the Contribution of Inter-Territorial Interaction in the Development of the National Economy

Assessment of the Contribution of Inter-Territorial Interaction in the Development of the National Economy

Conditions and Trends of the Social and Economic Development of Sevastopol

Analysis of Foreign Participation in the Share Capital of Companies From the Counties of North-West Region of Romania

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