What Causes the Regional Disparity of FDI in Russia? A Spatial Analysis

Springer Science and Business Media LLC - Tập 20 - Trang 63-78 - 2013
Saime Suna Kayam1, Alexandr Yabrukov2, Mehtap Hisarciklilar1
1Istanbul Technical University, Faculty of Management and the Economic and Social Research Centre (ITU-ESRC), Istanbul, Turkey
2Istanbul Technical University, Institute of Social Sciences, Istanbul, Turkey

Tóm tắt

We analyse the determinants of the regional disparity of FDI inflows to Russia. The spatial distribution of FDI is attributed to regional and/or trans-regional factors. Region specific characteristics such as wage, education level, transportation as well as gross regional product, which accounts for market size, in host and alternative regions are considered to analyze the spatial interaction between regions employing spatial econometrics. We find that shocks to FDI levels in proximate regions have no effect on FDI inflows to hosts. However, FDI in a region depends on spatial market size and endowment of natural resources in alternative host regions.

Tài liệu tham khảo

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