Energy Consumption, Trade Openness and Exchange Rate Impact on Foreign Direct Investment in Union State of Russia and Belarus

Dmitry Burakov, Maxim Intse and Max Freidin
Additional contact information
Maxim Intse: IFRS Division of Accounting Department, Joint Stock Company ALFA-BANK, Moscow, Russia,
Max Freidin: Department of Marketing, Belarusian State Agricultural Academy, Mogilev region, Gorki, Belarus

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 4, 77-82

Abstract: In this paper we investigate the casual relationship between energy consumption, trade openness, exchange rate and foreign direct investment in Union State of Russia and Belarus for the period from 1997 to 2017. To test the hypothesis and explain the possible casual relations we use the error correction approach. Result of the conducted research show that in the short run trade openness and exchange rate affect foreign direct investment in positive and significant manner. In the long run, energy consumption, trade openness and exchange rate positively affect foreign direct investment.

Keywords: Foreign direct investment; energy consumption; trade openness; exchange rate; error correction model (search for similar items in EconPapers)
JEL-codes: F21 F31 Q43 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/6399/3838 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/6399/3838 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-04-10

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().