IDEAS home Printed from https://ideas.repec.org/a/ris/apltrx/0359.html
   My bibliography  Save this article

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, Publishing House "SINERGIA PRESS", vol. 53, pages 7-29.
  • Handle: RePEc:ris:apltrx:0359
    as

    Download full text from publisher

    File URL: http://pe.cemi.rssi.ru/pe_2019_53_007-029.pdf
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:wsi:wschap:9789813277014_0002 is not listed on IDEAS
    2. David Roodman, 2009. "How to do xtabond2: An introduction to difference and system GMM in Stata," Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
    3. Karolina Ekholm & Rikard Forslid & James R. Markusen, 2007. "Export-Platform Foreign Direct Investment," Journal of the European Economic Association, MIT Press, vol. 5(4), pages 776-795, June.
    4. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies," IMF Working Papers 03/228, International Monetary Fund.
    5. repec:scn:025886:17018062 is not listed on IDEAS
    6. Markusen, James R., 1984. "Multinationals, multi-plant economies, and the gains from trade," Journal of International Economics, Elsevier, vol. 16(3-4), pages 205-226, May.
    7. Markusen, James R & Maskus, Keith E, 2002. "Discriminating among Alternative Theories of the Multinational Enterprise," Review of International Economics, Wiley Blackwell, vol. 10(4), pages 694-707, November.
    8. Cheng, Leonard K. & Kwan, Yum K., 2000. "What are the determinants of the location of foreign direct investment? The Chinese experience," Journal of International Economics, Elsevier, vol. 51(2), pages 379-400, August.
    9. Baltagi, Badi H. & Egger, Peter & Pfaffermayr, Michael, 2007. "Estimating models of complex FDI: Are there third-country effects?," Journal of Econometrics, Elsevier, vol. 140(1), pages 260-281, September.
    10. Bruce A. Blonigen & Ronald B. Davies & Glen R. Waddell & Helen T. Naughton, 2019. "FDI in Space: Spatial Autoregressive Relationships in Foreign Direct Investment," World Scientific Book Chapters, in: Foreign Direct Investment, chapter 2, pages 55-88, World Scientific Publishing Co. Pte. Ltd..
    11. Helpman, Elhanan, 1984. "A Simple Theory of International Trade with Multinational Corporations," Journal of Political Economy, University of Chicago Press, vol. 92(3), pages 451-471, June.
    12. Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
    Full references (including those not matched with items on IDEAS)

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:apltrx:0359. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anatoly Peresetsky). General contact details of provider: http://appliedeconometrics.cemi.rssi.ru/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.