Spatial Econometric Analysis of Foreign Direct Investment Determinants in Russian Regions

Ledyaeva, Svetlana

doi:10.1111/j.1467-9701.2008.01145.x

Cited by 104 publications

(85 citation statements)

References 14 publications

(45 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Lessons from the literature focusing narrowly on SEZs thus suggest that the policy has been successful only for some objectives and in particular affecting the location choice of foreign investors. This is supported by related studies that report a positive impact of locational policies or institutions on the location choice of foreign investors (Cheng and Kwan, 2000, Basile et al, 2003, Crozet et al, 2004, Ledyaeva, 2009. Despite the success of attracting foreign investors to SEZs, some authors report findings that policy-created clusters do not render the same benefits for economic development as pre-existing clusters (De Propris and Driffield, 2006).…”

Section: Are Sezs Effective According To Existing Literature?supporting

confidence: 47%

Special Economic Zones 20 Years Later

Jensen

Winiarczyk²

2014

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in CASE Network Studies & Analyses No. 467 -Special Economic Zones -20 years laterThe CASE Network is a group of economic and social research centers in Poland, Kyrgyzstan, Ukraine, Georgia, Moldova, and Belarus. Organizations in the network regularly conduct joint research and advisory projects. The research covers a wide spectrum of economic and social issues, including economic effects of the European integration process, economic relations between the EU and CIS, monetary policy and euro-accession, innovation and competitiveness, and labour markets and social policy. The network aims to increase the range and quality of economic research and information available to policy-makers and civil society, and takes an active role in on-going debates on how to meet the economic challenges facing the EU, post-transition countries and the global economy.

show abstract

Section: Are Sezs Effective According To Existing Literature?supporting

confidence: 47%

Special Economic Zones 20 Years Later

Jensen

Winiarczyk²

2014

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…Evidence in favour of club convergence splitting the sample in high and low-income regions is found also in static and dynamic panel specifications by Ledyaeva and Linden (2008) in the period 1996-2004. Ledyaeva (2009) performs a spatial analysis on the factors attracting foreign direct investment (FDI) at the regional level: Her results show that the presence of big 4 See Gluschenko (2010) for a complete review cities and ports, hydrocarbons extraction, and market size are drivers of inward FDI. Ahrend (2008) performs an extreme-bound analysis in a panel of 77 regions before and after the financial crisis of 1998, i.e.…”

Section: Related Literaturementioning

confidence: 99%

Is There Convergence of Russia's Regions?

2013

OECD Economics Department Working Papers

View full text Add to dashboard Cite

JT03343366Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. This paper analyses convergence in per capita gross regional product of Russia's regions during the period 1995-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we find divergence, which is, however, attenuated over time. Robustness checks that use regional real income instead of gross regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition probability matrices and stochastic kernel plots of regional relative income. Decompositions of regional income and gross regional product also find no sigma-convergence of Russian regions. These decompositions point to the geographical concentration of extractive activities in the Urals and of business services and of the public administration in the Moscow area as the main culprit for this lack of convergence. They also establish that despite reforms to equalize provisions of public goods across Russia, the social services sector of the public administration, education and health still do not have the expected equalizing impact on regional income.JEL Codes: O47, P25, R11, R12Keywords: Russian regions, convergence, regional inequality decomposition, regional distribution dynamics ****************************** Y a-t-il convergence entre régions de Russie ? Exploration des preuves empiriques: 1995-2010Cet article analyse la convergence du produit régional brut per capita entre régions de Russie au cours de la période 1995-2010, lorsque les données régionales sont disponibles. En utilisant une régression de panel, nous ne trouvons aucune preuve de bêta-convergence. Nous trouvons au contraire une divergence qui s'atténue toutefois au fil du temps. Nous confirmons ces résultats avec deux tests de robustesse : un qui utilise le revenu régional réel au lieu du produit régional brut, un autre basé sur des estimations non paramétriques de convergence, à savoir des estimations des matrices de probabilité de transition de Markov et une représentation de kernel stochastiques du revenu régional relatif. Des décompositions du revenu régional et du produit régional brut ne montrent pas non plus de sigma-convergence entre régions russes. Ces décompositions soulignent la concentration géographique des activités extractives dans l'Oural et de services aux entreprises et de l'administration publique dans la région de Moscou comme les principaux responsables de ce manque de convergence. Elles établissent également que malgré les réformes pour égaliser les provisions de biens publics à travers la Russie, le secteur des services sociaux de l'administration publique, l'éducation et la santé n'ont toujours pas l'impact attendu sur l'égalisation des revenus régiona...

show abstract

“…Theoretical and empirical research on FDI determinants reflects the increasing significance of FDI for economic development at both global and national level (Ledyaeva, 2009). EBRD in its Transition Reports (2002) showed that foreign investments in transition economies facilitate growth, promote technical innovation and speed up enterprise restructuring.…”

Section: Introductionmentioning

confidence: 99%