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The Economic Determinants of Post-Soviet Belarus: The Role of FDI in Economic Development

Author

Listed:
  • Hong Zhong Fan
  • Tatsiana Dziavochka
  • Mathious Willie
  • Mirza Nouman Ali

Abstract

Adding to the vast literature readings, this study investigates the role of major determinants of economic development in Belarus from the period of 1992-2017. We employed the simple OLS regression and ARDL Bound testing approach to determine the economic indicators of Belarus. Our findings exhibit that imports and exports have been remained as major determinant whereas, FDI has not been a significant part since last three decades. Belonging to the pool of developing world, FDI has not been a determinant in Belarus while its main emphasis is on exports and imports. This study also implicates the Belarus’ initiative with other developing countries to increase FDI and reduce State-owned Influence. While ensuring the differences with other economies, government must attract the economically suitable FDI avoiding any possible negative effects of FDI on GDP.

Suggested Citation

  • Hong Zhong Fan & Tatsiana Dziavochka & Mathious Willie & Mirza Nouman Ali, 2019. "The Economic Determinants of Post-Soviet Belarus: The Role of FDI in Economic Development," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(2), pages 56-67, February.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:2:p:56-67
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    References listed on IDEAS

    as
    1. A.M. Tamilselvan & S. Manikandan, 2015. "A Study on Impact of Foreign Direct Investment on Gross Domestic Production in India," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(10), pages 224-232, October.
    2. Mohammed Ershad Hussain & Mahfuzul Haque, 2016. "Foreign Direct Investment, Trade, and Economic Growth: An Empirical Analysis of Bangladesh," Economies, MDPI, vol. 4(2), pages 1-14, April.
    3. Myriam Blin & Bazoumana Ouattara, 2009. "Foreign Direct Investment and Economic Growth in Mauritius: Evidence from Bounds Test Cointegration," Economie Internationale, CEPII research center, issue 117, pages 47-61.
    4. Tamilselvan, M. & Manikandan, S., 2015. "A Study on Impact of Foreign Direct Investment on Gross Domestic Production in India," MPRA Paper 73349, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    foreign direct investment; gross domestic product; bounds testing; BRI; cointegration;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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