Araştırma Makalesi
THE ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENTS AND EXPORT OF RUSSIAN FEDERATION
Öz
This study is aimed to analyze the relationship between inward foreign direct investments (FDI) and
export in Russian Federation. Previous researches related to our topic have been examined broadly in terms
of the theoretical input to our work and the most important were provided under the Literature Review.
For the analysis quarterly data from 1996 till 2016 for FDI, export and Gross Domestic Product (GDP),
provided by National Committee of Statistics of Russian Federation and Central Bank has been used. EViews Econometric Modeling and Analysis Package and Granger Casualty Test have been used for the
research of relationship. The results of Granger Casualty Test are provided in the Empirical Results section
and explained in Conclusion.
Anahtar Kelimeler
Russian Federation, Foreign Direct Investments (FDI), Export, Granger Casualty Test
Kaynakça
- Akinlo, A.I. (2004) Foreign Direct Investment and Growth in Nigeria. An Empirical Investigation, Journal of Policy Modeling 26 (2004), 627-639. Alici, A.A. and Ucal, M.S. (2003) Foreign Direct Investment, Exports and Output Growth of Turkey: Causality Analysis, Paper to be Presented at the European Trade Study Group Fifth Annual Conference, 11-13 September 2003 in Madrid. Almfaji, M.A. and Almsafir, M.K. (2013) Foreign Direct Investment and Economic Growth Literature Review from 1994 to 2012, Precedia – Social and Behavioral Sciences 129(2014), 206-213. Belloumi, M. (2014) The Relationship Between Trade, FDI and Economic Growth in Tunisia: An Application of The Autoregressive Distributed Lag Model, Symposium: Performance of Financial Markets, Economic Systems, June 2014 38(2), 269-287. Belous, T. (2003) Foreign Direct Investment in Russian Federation: Pros and Cons, World Economy and International Economic Relations (2003), No.9, 60-66. Blomstron, M. and Kokko, A. (1997) How Foreign Investments Affect Host Countries, Policy Research Working Paper No. 1745, The World Bank (1997), 44. Borodin, K.G. (2005) Theories of International Trade and Trade Policy, Vneshneekonomicheskiy Bilyuten, December, No. 12 Cetin, R. and Taban S. (2009) The Impact of Foreign Direct Investment from Major Source Countries on Turkish Trade with the European Union, DOI: 10.2478/v10033-009-0013-4, 45-55 Deraniyagala, S. and Fine, B.(2003) New Trade Theory versus Old Trade Policy: A Continuing Enigma, Cambridge Journal of Economics 25(6) Dritsaki, Ch. and Stiakakis, E., (2014) Foreign Direct Investments, Exports, and Economic Growth in Croatia: A time Series Analysis, Procedia Economics and Finance 14(2014), 181-190 Eryigit, M. (2012) The Long Run Relationship Between Foreign Direct Investments, Exports, And Gross Domestic Product: Panel Data Implications, Theoretical and Applied Economics, Vol.19 (2012), No.10(575), 71-82. Falchenko, O. (2014) Studying the Relationship between Russia`s Economy and Direct Investments of Transitional Corporations Based on Econometric Model, Upravlenets No.3/49, 12-18. Fomichev, V.(2001) International trade, INFRA-M 2001 Gujeva, E. and Lesnaya, M.(2009) World economy, Study guide, SPbGASU, SPb Hsiao, F. (2006) FDI, Exports, and Growth in East and Southeast Asia. Evidence from Time-Series and Panel Data Causality Analyses, 2006 International Conference on Korea and the World Economy V, July 7-8, 2006 at Korea University Seoul, Korea Iwasaki, I. and Suganuma, K. (2015) Foreign Direct Investment and Regional Economic Development in Russia: An Econometric Assessment, RRC Working Paper No. 44. Janichi, H. (2004), Determinants of Foreign Direct Investments: Empirical Evidence from EU Accession Candidates, Applied economics (2004), Vol. 36, No.5, 505-509. Karmanov, V.S. (2007) Time Series Analysis, Working Paper, Novosibirsk 2007. Krugman, P., Obstfeld, M. and Melitz, M. (2017) International trade: Theory and Policy, 10th edition, ISBN-13: 978-0133423648 Liu, X., Burridge, P. and Sinclair, P.J.N. (2002) Relationships Between Economic Growth, Foreign Direct Investment and Trade: Evidence from China, Applied Economics,34:11, 1433-1440. Loris Gui-Diby, S. (2014) Impact of Foreign Direct Investment on Economic Growth in Africa: Evidence from Three Decades of Panel Data Analysis, Research in Economics 68 (2014), 248-256. Luis R. De Melo (1997) Foreign Direct Investment in Developing Countries and Growth: a Selective Survey, The Journal of Development Studies, 34:1, 1-34. Melnyk, L., Kubatko, O. and Pysarenko, S. (2014) The Impact of Foreign Direct Investment on Economic Growth: Case of Post Communism Transition Economies, Problems and Perspectives in Management, Vol. 12, Issue 1, 17-24. Mofrad, M.A. (2012) The relationship between GDP, export and investment: case study Iran, Business Intellegence Journal, July, 2012 Vol.5 No.2 Morgan, R.E. and Katsikeas, C.S. (1997) Theories of International Trade, Foreign Direct Investment and Firm Internationalization: a Critique, Management Decision, Vol. 35 Iss 1 pp. 68 – 78. Mukha, D., (2015) The Influence of Attracting Foreign Direct Investments on Foreign Trade and Balance of Payment of Belarus, Bankayski Vesnik, Lyuti (2015), 35-45. Naya,k D. and Choudhury, R. N. (2014) A Selective Review of Foreign Direct Investment Theories, Asia Pacific Research and Training Network on Trade, Working Paper No. 143 Oberhofer, H. and Pfaffermayr, M. (2007) FDI Versus Exports. Substitutes or Complements? A Three Nation Model and Empirical Evidence, Working Papers in Economics and Statistics, No. 2007-28. Phillipova, I. (2002) The organization of world trade, Teaching guide, UlGTU Ricardo, D. (1817) On the Principles of Political Economy and Taxation, Batoche books, Kitchener, 2001 Shanchenko, N.I. (2008) Lections on Econometrics: Tutorial for Students, Ulyanovsk: UlGTU (2008). Smith, A.(1986) Wealth of nation, MetaLibri 2007 Sohinger, J. and Harrison, G. (2004) The Implication of Foreign Direct Investments for Development in Transition Countries, Review of International Economics (2004), Vol. 42, No.1, 56-74. Szkopurova, Z. (2014) A Causal Relationship Between Foreign Direct Investment, Economic Growth and Export for Slovakia, Procedia Economics and Finance (2015), 123-128. Tekin, R.B. (2012) Economic Growth, Exports and Foreign Direct Investment in Least Developed Countries: A Panel Granger Causality Analysis, Economic Modelling 29 (2012), 868-878. Thanh Xuan, N. and Xing, Y. (2008) Foreign Direct Investment and Export. The Experience of Vietnam, Economics of Transitions, Vol. 16(2) (2008), 183-197. Yormirzoev, M. (2015) Influence of Foreign Direct Investment on The Economic Growth: The Case of Transitional Economies in Central and Eastern Europe and The Commonwealth of Independent States, Economy and Law, Issue 1, 44-50. Zhang, Q. and Felmingham, B. (2001) The Relationship Between Inward Direct Foreign Investment and China`s Provincial Export Trade, China Economic Review 12 (2001), 82-99. Zubchenko, L.A. (2006) Foreign Direct Investments, Tutorial, Moscow, Knogodel 2006. http://unctad.org/en/PublicationsLibrary/wir2016_en.pdf https://www.cbr.ru/ Russian Central Bank https://www.gks.ru/ Russian Federation Federal State Statistics Service https://www.researchgate.net/publication/223261115_The_relationship_between_inward_direct_foreign_investment_and_China's_provincial_export_trade Zhang K., Felmingham (2001) The Relationship between Inward Direct Foreign Investment and China's Provincial Export Trade http://pubdocs.worldbank.org/en/235471484167009780/Dec27-SCD-paper-rus.pdf https://www.cia.gov/library/publications/the-world-factbook/fields/2116.html https://www.investment-in-russia.com/site/en?view=RUSSIA-AS-A-MEMBER-OF-THE-WTO-AND-OTHER-INTERNATIONAL-UNIONS
The econometric analysis of the Relationship between Foreign Direct Investments and Export of Russian Federation
Öz
This study is aimed to analyze the
relationship between inward foreign direct investments (FDI) and export in
Russian Federation. Previous researches related to our topic have been examined
broadly in terms of the theoretical input to our work and the most important
were provided under the Literature Review.
For the
analysis quarterly data from 1996 till 2016 for FDI, export and Gross Domestic
Product (GDP), provided by National Committee of Statistics of Russian
Federation and Central Bank has been used. E-Views Econometric Modeling and
Analysis Package and Granger Casualty Test have been used for the research of
relationship. The results of Granger Casualty Test are provided in the
Empirical Results section and explained in Conclusion.
Anahtar Kelimeler
Russian Federation Foreign Direct Investments (FDI) Export Granger Causality
Kaynakça
- Akinlo, A.I. (2004) Foreign Direct Investment and Growth in Nigeria. An Empirical Investigation, Journal of Policy Modeling 26 (2004), 627-639. Alici, A.A. and Ucal, M.S. (2003) Foreign Direct Investment, Exports and Output Growth of Turkey: Causality Analysis, Paper to be Presented at the European Trade Study Group Fifth Annual Conference, 11-13 September 2003 in Madrid. Almfaji, M.A. and Almsafir, M.K. (2013) Foreign Direct Investment and Economic Growth Literature Review from 1994 to 2012, Precedia – Social and Behavioral Sciences 129(2014), 206-213. Belloumi, M. (2014) The Relationship Between Trade, FDI and Economic Growth in Tunisia: An Application of The Autoregressive Distributed Lag Model, Symposium: Performance of Financial Markets, Economic Systems, June 2014 38(2), 269-287. Belous, T. (2003) Foreign Direct Investment in Russian Federation: Pros and Cons, World Economy and International Economic Relations (2003), No.9, 60-66. Blomstron, M. and Kokko, A. (1997) How Foreign Investments Affect Host Countries, Policy Research Working Paper No. 1745, The World Bank (1997), 44. Borodin, K.G. (2005) Theories of International Trade and Trade Policy, Vneshneekonomicheskiy Bilyuten, December, No. 12 Cetin, R. and Taban S. (2009) The Impact of Foreign Direct Investment from Major Source Countries on Turkish Trade with the European Union, DOI: 10.2478/v10033-009-0013-4, 45-55 Deraniyagala, S. and Fine, B.(2003) New Trade Theory versus Old Trade Policy: A Continuing Enigma, Cambridge Journal of Economics 25(6) Dritsaki, Ch. and Stiakakis, E., (2014) Foreign Direct Investments, Exports, and Economic Growth in Croatia: A time Series Analysis, Procedia Economics and Finance 14(2014), 181-190 Eryigit, M. (2012) The Long Run Relationship Between Foreign Direct Investments, Exports, And Gross Domestic Product: Panel Data Implications, Theoretical and Applied Economics, Vol.19 (2012), No.10(575), 71-82. Falchenko, O. (2014) Studying the Relationship between Russia`s Economy and Direct Investments of Transitional Corporations Based on Econometric Model, Upravlenets No.3/49, 12-18. Fomichev, V.(2001) International trade, INFRA-M 2001 Gujeva, E. and Lesnaya, M.(2009) World economy, Study guide, SPbGASU, SPb Hsiao, F. (2006) FDI, Exports, and Growth in East and Southeast Asia. Evidence from Time-Series and Panel Data Causality Analyses, 2006 International Conference on Korea and the World Economy V, July 7-8, 2006 at Korea University Seoul, Korea Iwasaki, I. and Suganuma, K. (2015) Foreign Direct Investment and Regional Economic Development in Russia: An Econometric Assessment, RRC Working Paper No. 44. Janichi, H. (2004), Determinants of Foreign Direct Investments: Empirical Evidence from EU Accession Candidates, Applied economics (2004), Vol. 36, No.5, 505-509. Karmanov, V.S. (2007) Time Series Analysis, Working Paper, Novosibirsk 2007. Krugman, P., Obstfeld, M. and Melitz, M. (2017) International trade: Theory and Policy, 10th edition, ISBN-13: 978-0133423648 Liu, X., Burridge, P. and Sinclair, P.J.N. (2002) Relationships Between Economic Growth, Foreign Direct Investment and Trade: Evidence from China, Applied Economics,34:11, 1433-1440. Loris Gui-Diby, S. (2014) Impact of Foreign Direct Investment on Economic Growth in Africa: Evidence from Three Decades of Panel Data Analysis, Research in Economics 68 (2014), 248-256. Luis R. De Melo (1997) Foreign Direct Investment in Developing Countries and Growth: a Selective Survey, The Journal of Development Studies, 34:1, 1-34. Melnyk, L., Kubatko, O. and Pysarenko, S. (2014) The Impact of Foreign Direct Investment on Economic Growth: Case of Post Communism Transition Economies, Problems and Perspectives in Management, Vol. 12, Issue 1, 17-24. Mofrad, M.A. (2012) The relationship between GDP, export and investment: case study Iran, Business Intellegence Journal, July, 2012 Vol.5 No.2 Morgan, R.E. and Katsikeas, C.S. (1997) Theories of International Trade, Foreign Direct Investment and Firm Internationalization: a Critique, Management Decision, Vol. 35 Iss 1 pp. 68 – 78. Mukha, D., (2015) The Influence of Attracting Foreign Direct Investments on Foreign Trade and Balance of Payment of Belarus, Bankayski Vesnik, Lyuti (2015), 35-45. Naya,k D. and Choudhury, R. N. (2014) A Selective Review of Foreign Direct Investment Theories, Asia Pacific Research and Training Network on Trade, Working Paper No. 143 Oberhofer, H. and Pfaffermayr, M. (2007) FDI Versus Exports. Substitutes or Complements? A Three Nation Model and Empirical Evidence, Working Papers in Economics and Statistics, No. 2007-28. Phillipova, I. (2002) The organization of world trade, Teaching guide, UlGTU Ricardo, D. (1817) On the Principles of Political Economy and Taxation, Batoche books, Kitchener, 2001 Shanchenko, N.I. (2008) Lections on Econometrics: Tutorial for Students, Ulyanovsk: UlGTU (2008). Smith, A.(1986) Wealth of nation, MetaLibri 2007 Sohinger, J. and Harrison, G. (2004) The Implication of Foreign Direct Investments for Development in Transition Countries, Review of International Economics (2004), Vol. 42, No.1, 56-74. Szkopurova, Z. (2014) A Causal Relationship Between Foreign Direct Investment, Economic Growth and Export for Slovakia, Procedia Economics and Finance (2015), 123-128. Tekin, R.B. (2012) Economic Growth, Exports and Foreign Direct Investment in Least Developed Countries: A Panel Granger Causality Analysis, Economic Modelling 29 (2012), 868-878. Thanh Xuan, N. and Xing, Y. (2008) Foreign Direct Investment and Export. The Experience of Vietnam, Economics of Transitions, Vol. 16(2) (2008), 183-197. Yormirzoev, M. (2015) Influence of Foreign Direct Investment on The Economic Growth: The Case of Transitional Economies in Central and Eastern Europe and The Commonwealth of Independent States, Economy and Law, Issue 1, 44-50. Zhang, Q. and Felmingham, B. (2001) The Relationship Between Inward Direct Foreign Investment and China`s Provincial Export Trade, China Economic Review 12 (2001), 82-99. Zubchenko, L.A. (2006) Foreign Direct Investments, Tutorial, Moscow, Knogodel 2006. http://unctad.org/en/PublicationsLibrary/wir2016_en.pdf https://www.cbr.ru/ Russian Central Bank https://www.gks.ru/ Russian Federation Federal State Statistics Service https://www.researchgate.net/publication/223261115_The_relationship_between_inward_direct_foreign_investment_and_China's_provincial_export_trade Zhang K., Felmingham (2001) The Relationship between Inward Direct Foreign Investment and China's Provincial Export Trade http://pubdocs.worldbank.org/en/235471484167009780/Dec27-SCD-paper-rus.pdf https://www.cia.gov/library/publications/the-world-factbook/fields/2116.html https://www.investment-in-russia.com/site/en?view=RUSSIA-AS-A-MEMBER-OF-THE-WTO-AND-OTHER-INTERNATIONAL-UNIONS
Toplam 1 adet kaynakça vardır.
Ayrıntılar
| Birincil Dil | İngilizce |
|---|---|
| Konular | Ekonomi |
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 31 Ağustos 2017 |
| Gönderilme Tarihi | 15 Ağustos 2017 |
| Kabul Tarihi | 24 Ağustos 2017 |
| Yayımlandığı Sayı | Yıl 2017 Cilt: 5 Sayı: 1 |
Kaynak Göster
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