Arbeitspapier
FDI and long-term economic growth in Russia
In this paper we consider relationship between foreign direct investment (as one of the mechanisms of technological development) and long-term economic growth. In the beginning we discuss the role of FDI in the increase of total factor productivity from the viewpoint of endogenous growth theory. We then turn to the comparative analysis of FDI inflow to Russia and other countries broken down by economic industries. We find that Russian industries capable of increasing TFP and positively impacting the long-term economic growth are significantly underinvested relative to other countries. Since, in our opinion, pre-existing sources of Russia’s economic growth are almost completely exhausted, we suggest several economic policy measures aimed at attracting FDI in Russia and improve the absorptive capacity of the country.
- Sprache
-
Englisch
- Klassifikation
-
Wirtschaft
General Outlook and Conditions
International Investment; Long-term Capital Movements
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Institutions and Growth
- Thema
-
FDI
TFP
economic growth
economic policy
human capital
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Taganov, Boris
- Ereignis
-
Veröffentlichung
- (wer)
-
Russian Presidential Academy of National Economy and Public Administration
- (wo)
-
Moscow
- (wann)
-
2014-04
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Taganov, Boris
- Russian Presidential Academy of National Economy and Public Administration
Entstanden
- 2014-04
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