FDI determinants in an idiosyncratic country. A reappraisal over the Russian regions during transition years

被引:18
|
作者
Castiglione, Concetta [2 ]
Gorbunova, Yulia [1 ]
Infante, Davide [1 ]
Smirnova, Janna [1 ]
机构
[1] Univ Calabria, Dept Econ & Stat, I-87030 Commenda Di Rende, Italy
[2] Trinity Coll Dublin, Dept Econ, Dublin, Ireland
关键词
Foreign direct investment; Transition countries; Regional development; Russian federation; FOREIGN DIRECT-INVESTMENT; JAPANESE DIRECT-INVESTMENT; LOCATION; GRAVITY; GROWTH; EUROPE;
D O I
10.1016/j.postcomstud.2012.02.006
中图分类号
D81 [国际关系];
学科分类号
030207 ;
摘要
We investigate the factors attracting FDI into highly diversified Russian regions during the phase of transition, and verify the impact of transition experience on the current FDI inflow. Using cross-sectional and panel data, we demonstrate that the highly inhomogeneous investment pattern is explained, in addition to classical demand factors, by specific economic and socio-institutional regional characteristics. Russia appears as an idiosyncratic country where foreign investors seek a stable social and institutional context. Using recent FDI data we show that transition experiences influence current FDI inflow, particularly when the strength of the institutional environment and availability of infrastructures are taken into account. (C) 2012 The Regents of the University of California. Published by Elsevier Ltd. All rights reserved.
引用
收藏
页码:1 / 10
页数:10
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