Offshore Investment in the Russian Economy

Гурова, И П

doi:10.1134/s1075700720040061

Cited by 2 publications

(1 citation statement)

References 12 publications

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“…BMD4 has introduced a concept of an ultimate investing country, which provides a more accurate structure of FDI (OECD, 2015 ). BMD4 thus contributes to a better understanding of ‘who is really investing where’, delivers an enhanced empirical basis for informed policy dialogue on attracting FDI (Borga, 2016 ) and fosters a more profound analysis of the effects of productive FDI (Gurova, 2020 ). The BMD4 database went online in March 2015 (OECD, 2021a ) and today contains data on net inward FDI positions (equity and debt) in 17 OECD countries 11 by immediate and ultimate investors from all over the world including from a country N to a country N to account for round‐tripping 12 (OECD, 2021b ).…”

Section: Methods and Datamentioning

confidence: 99%

Tax effects on foreign direct investment—Just a rerouting

Erokhin

2023

World Economy

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This paper investigates tax‐related determinants of indirect foreign direct investment (FDI). In particular, it studies the effects of bilateral effective average tax rates, the strength of anti‐tax avoidance rules in host countries and tax haven status of home countries on the volume of indirect FDI host countries receive. The paper uses the fourth edition of the OECD Benchmark Definition of Foreign Direct Investment (BMD4) database, which distinguishes between ultimate and immediate FDI. Methodologically, the paper relies on the standard gravity equation for FDI and applies the Poisson pseudo‐maximum likelihood estimation model. The paper shows that ultimate FDI is not influenced by tax‐related factors but only real economic determinants, whereas tax rates affect immediate FDI. This finding suggests that previous research may have overestimated the tax elasticity of FDI, and taxes do not have an impact on location decisions of FDI, but rather the route of investing—direct or indirect. The paper defines indirect FDI as the difference between ultimate and immediate FDI and finds that high bilateral effective average tax rates encourage indirect FDI. The finding is robust under different specifications.

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Section: Methods and Datamentioning

confidence: 99%

Tax effects on foreign direct investment—Just a rerouting

Erokhin

2023

World Economy

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Reluctant cooptation: The legislative recruitment of the private sector into Russia’s dominant party, 2015–2020

Mikhasev,

Golosov

2023

Party Politics

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Cooptation is one of the most efficient strategies employed by authoritarian regimes and their leaders in order to survive in power. In most of these regimes, dominant pro-government parties serve as important tools of cooptation in general and of legislative recruitment, as one of its forms, in particular. The main thesis of this study is that cooptation is selective. When contrasted to the social sectors that are directly linked to the state, the private sector will be at a relative disadvantage, resulting in a smaller scope of cooptation. To test this thesis empirically, we build several hypotheses based on our expectations regarding the effects of electoral rules on candidate selection, and then test these hypotheses against the data from 82 regional legislative elections held in Russia in 2015–2020. The analysis confirms our main thesis and clarifies several findings previously reported in the literature on business and politics in Russia.

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Offshore Investment in the Russian Economy

Cited by 2 publications

References 12 publications

Tax effects on foreign direct investment—Just a rerouting

Tax effects on foreign direct investment—Just a rerouting

Reluctant cooptation: The legislative recruitment of the private sector into Russia’s dominant party, 2015–2020

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