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National Interests: Priorities and Security
 

Analysis of criteria for evaluating the efficiency of foreign direct investment

Vol. 13, Iss. 8, AUGUST 2017

PDF  Article PDF Version

Received: 30 June 2017

Received in revised form: 16 July 2017

Accepted: 2 August 2017

Available online: 29 August 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: E22, F21, F63, P45

Pages: 1475–1490

https://doi.org/10.24891/ni.13.8.1475

Bolodurina M.P. Orenburg State University, Orenburg, Russian Federation
bolodurina@inbox.ru

Mishurova A.I. Orenburg State University, Orenburg, Russian Federation
www.stu.ru_5032@mail.ru

Importance The specifics of socio-economic and political systems, civilizational strategy of development determines the investment attractiveness of Russia from the foreign investor's perspectives. Thus, it is necessary to analyze the criteria used to carry out a multivariate evaluation whether foreign direct investment are efficiently attracted, and how these criteria can be interpreted.
Objectives We identify what specifics can be found in initiating foreign direct investment in the Russian economy. We outline and test the technique for a comprehensive analysis
of the efficiency of foreign direct investment at the macroeconomic level.
Methods The research examines basic and applied proceedings of foreign and Russian authors on techniques for evaluating the investment efficiency. The research draws upon such methods as comparison, logic analysis, analysis of monographs, structural and trend analysis, and analysis and synthesis in mathematical statistics.
Results The proposed toolkit for multivariate evaluation of the foreign direct investment efficiency can not only become the basis for economic agents to evaluate the investment attractiveness of the Russian Federation and make decisions, but also can be used for monitoring of the investment environment.
Conclusions and Relevance We trace the trade-off between foreign investment raised and some macroeconomic indicators describing the foreign trade and the economic situation in the Russian Federation. The research proves the applicability of the technique for a comprehensive analysis of the foreign direct investment efficiency evaluation to determine distinctive traits in initiating the influx of foreign capital. Having tested the model, we found out how the investment attractiveness of economic sectors change from perspectives of foreign investors.

Keywords: foreign direct investment, evaluation, criteria, investment attractiveness

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