Estimation of unobserved demand for inward FDI in Russian regions

Kateryna Anikieieva (), Tatiana Ratnikova and Anna Gladysheva ()
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Kateryna Anikieieva: National Research University Higher School of Economics (NRU HSE), Moscow, Russian Federation
Anna Gladysheva: National Research University Higher School of Economics (NRU HSE), Moscow, Russian Federation

Applied Econometrics, 2019, vol. 53, 7-29

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.

Keywords: inward foreign direct investment; partial adjustment model (search for similar items in EconPapers)
JEL-codes: C33 F21 O16 (search for similar items in EconPapers)
Date: 2019
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