The determinants of the distribution of foreign direct investment in Russian food industry companies

Anna Gladysheva and Tatiana Ratnikova

Applied Econometrics, 2013, vol. 29, issue 1, 97-116

Abstract: What do foreign companies take into account when they invest in Russian food industry enterprises? The sample of about 5000 enterprises of the food industry from different Russian regions is analyzed to give the answer to this question. The most interesting points for the investigation are formulated as two hypotheses. The first one is connected with the level of economic development of a region where the particular company is situated, the other one is about the foreign direct investment during previous periods in this region and the neighboring ones. To test the hypotheses on the base of the idea of spatial effects of analyzed factors several special variables are constructed. The estimation of a multilevel binary model gives the idea for the possible explanation of the problem discovered above.

Keywords: foreign direct investment; food industry enterprises in Russia; Russian regions; binary model; multilevel binary model with regional effects; spatial weights matrix; agglomeration effect; market potential (search for similar items in EconPapers)
JEL-codes: C21 C25 D92 L66 O18 R15 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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