Study of the Influence Factors of the Attraction of FDI in the Economy of the Recipient State - Example of Russia
- Stefaniya Tsoneva
Abstract
This article focuses on the formation of new scientific decisions regarding the study of factors that influence the attraction of FDI in the economy of the host state using Russia as an example. The study focuses on the need for stimulation of FDI in the Russian economic system so as to overcome the recession and the impact of economic sanctions. Based on the analysis of the dynamics of FDI per capita, inflows, outflows, FDI balances in Russia, as well as a three-year forecast, a conclusion about the critical state of attracting such investments to the economy of the recipient country is made. Separately, on the basis of critical literary analysis, the concept of identifying the factors influencing the attraction of FDI in the host economy is selected, and seventeen of the main factors of such influence for the Russian Federation are identified. Based on a quantitative analysis of the identified factors influencing the attraction of FDI in the Russian economy, the directions of their influence (positive or negative) are identified. It is noted that only three of the selected influence factors have a positive effect on attracting FDI into the economy of the Russian Federation and ten identified factors have a negative effect, which is a critically negative aspect for the host state selected for research within the framework of its competitiveness in the market of investment resources. It is indicated that Russia needs to change the strategy for attracting FDI into the national economic system based on the development and implementation of a set of long-term measures. Also, based on the use of a comparative assessment, significant differences between the factors influencing the attraction of FDI in developed and developing countries is proved.
- Full Text: PDF
- DOI:10.5539/ijef.v12n8p101
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