Foreign direct investment and regional economic development in Russia: an econometric assessment

@article{Iwasaki2015ForeignDI,
  title={Foreign direct investment and regional economic development in Russia: an econometric assessment},
  author={Ichiro Iwasaki and Keiko Suganuma},
  journal={Economic Change and Restructuring},
  year={2015},
  volume={48},
  pages={209-255}
}
Abstract In this paper, we estimate the effect of foreign direct investment (FDI) on total factor productivity (TFP) in Russian regions, paying special attention to the country’s investment boom and the remarkable regional gaps in terms of cumulative direct investments in and after 2003. We also examine possible synergistic effects between FDI and local R&D potential to test the absorptive capacity hypothesis. Our estimation results strongly suggest the remarkable role of FDI in the regional… CONTINUE READING
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