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Estimation of unobserved demand for inward FDI in Russian regions

Author

Listed:
  • Anikieieva, Kateryna

    (National Research University Higher School of Economics (NRU HSE), Moscow, Russian Federation)

  • Ratnikova, Tatiana

    (National Research University Higher School of Economics (NRU HSE), Moscow, Russian Federation)

  • Gladysheva, Anna

    (National Research University Higher School of Economics (NRU HSE), Moscow, Russian Federation)

Abstract

The purpose of the research is the investigation and detecting the regions with satisfied, under satisfied and excessive demand for foreign direct investment (FDI). The methodology of the estimation of unobserved demand level is based on the partial adjustment model of several specifications constructed according to three theoretical approaches. After the estimation of dynamic models on regional panel data from Rosstat and Central Bank of Russia over the period 2011–2015 we obtained the values of unobserved demand for FDI adjusted to GRP and ranked Russian regions on the base of demand satisfaction. Then the results for three regions are discussed.

Suggested Citation

  • Anikieieva, Kateryna & Ratnikova, Tatiana & Gladysheva, Anna, 2019. "Estimation of unobserved demand for inward FDI in Russian regions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 53, pages 7-29.
    • Handle: RePEc:ris:apltrx:0359
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    References listed on IDEAS

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    More about this item

    Keywords

    inward foreign direct investment; partial adjustment model;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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