Fedorova E.A.Financial University under Government of Russian Federation, Moscow, Russian Federation ecolena@mail.ru ORCID id: not available
Nikolaev A.E.National Research University – Higher School of Economics (NRU – HSE), Moscow, Russian Federation alexed.nik@gmail.ru ORCID id: not available
Khomyakov V.A.Financial University under Government of Russian Federation, Moscow, Russian Federation Khomyakov.v06@gmail.com ORCID id: not available
Subject This article analyzes the effectiveness of foreign investments and their impact on the economic clusters of the Russian Federation. Objectives The article aims to identify top regions within the economic clusters concerning the foreign investments attracted and their most effective consumption. Methods For the study, we used the methods of data envelopment analysis and panel data regression analysis. Results The article presents the clustering of regions by areas of activity and ratings of the most effective clusters and regions that make them. Conclusions The involvement of foreign direct investment (FDI) in the supplier-buyer technology chain does not affect the inflow of new technologies. Foreign investment has a positive impact on the industry clusters of the Russian economy and the regions that make them. The effectiveness and level of FDI involvement depend on the region's industry specifics.
Masron T.A., Abdullah H., Amran A. FDI from Developing Countries to Developing Countries: Contributing at More Risky Location? Procedia – Social and Behavioral Sciences, 2012, vol. 58, pp. 1212–1217. URL: Link
Mitze T.Measuring Regional Spillovers in Long- and Short-Run Models of Total Factor Productivity, Trade, and FDI. International Regional Science Review, 2014, vol. 37, iss. 3, pp. 365–388. URL: Link
Benz S., Larch M., Zimmer M. Trade in Ideas: Outsourcing and Knowledge Spillover. International Economics and Economic Policy, 2015, vol. 12, iss. 2, pp. 221–237. URL: Link
Kuznetsova N.V., Vorob'eva N.A. [Clustering of economy: experience of foreign countries and Russian perspectives]. Ekonomika nauki = The Economics of Science, 2016, vol. 2, no. 2, pp. 130–137. URL: Link (In Russ.)
Kadochnikov S.M., Drapkin I.M., Davidson N.B., Fedyunina A.A. [Effectiveness of national companies and economic diversification in regions as factors of foreign direct investment spillovers in the Russian economy]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2011, vol. 9, no. 2, pp. 3–26. URL: Link (In Russ.)
Tian X., Lo V., Lin S., Song S. Cross-Region FDI Productivity Spillovers in Transition Economies: Evidence from China. Post-Communist Economies, 2011, vol. 23, iss. 1, pp. 105–118. URL: Link
Fedorova E.A., Korkmazova B.K., Muratov M.A. [Spillover effects of the Russian economy: regional specificity]. Ekonomika regiona = Economy of Region, 2016, vol. 12, iss. 1, pp. 139–149. URL: Link (In Russ.)
Zhang L. The Knowledge Spillover Effects of FDI on the Productivity and Efficiency of Research Activities in China. China Economic Review, 2017, vol. 42, pp. 1–14. URL: Link
Iwasaki I., Tokunaga M. Technology Transfer and Spillovers from FDI in Transition Economies: A Meta-Analysis. Journal of Comparative Economics, 2016, vol. 44, iss. 4, pp. 1086–1114. URL: Link
Herzer D., Klasen S., Nowak-Lehmann F. In Search of FDI-Led Growth in Developing Countries: the Way Forward. Economic Modelling, 2008, vol. 25, iss. 5, pp. 793–810. URL: Link
Pogodina T.V. [Direct foreign investments and their impact on the socio-economic development of Russian regions]. Ekonomika. Nauka. Pravo = Economics, Taxes & Law, 2017, no. 2, pp. 58–64. URL: Link (In Russ.)
Ibrahim H., Masron T.A., Zulkafli A.H. Spillover Effects of FDI within Manufacturing Sector in Malaysia. Procedia – Social and Behavioral Sciences, 2012, no. 58, pp. 1204–1211. URL: Link
Lu Y., Tao Zh., Zhu L. Identifying FDI Spillovers. Journal of International Economics, 2017, vol. 107, pp. 75–90. URL: Link
Fedorova E.A., Barikhina Yu.A. Assessing Horizontal and Vertical Spillover Effects from Foreign Direct Investment in Russia. Voprosy Ekonomiki, 2015, no. 3, pp. 46–60. (In Russ.) URL: Link
Grigor'ev L.M., Zubarevich N.V., Ivanov D.S. et al. Rossiiskie regiony: ekonomicheskii krizis i problemy modernizatsii: monografiya [Russian regions: economic crisis and modernization problems: a monograph]. Moscow, TEIS Publ., 2011, 347 p.
Wang C., Wu A. Geographical FDI Knowledge Spillover and Innovation of Indigenous Firms in China. International Business Review, 2016, vol. 25, iss. 4, pp. 896–906. URL: Link
Stančík J. Horizontal and Vertical FDI Spillovers: Recent Evidence from the Czech Republic. CERGE-EI. Working Paper Series, 2007, no. 340, 39 p. URL: Link
Damijan J.P., Knell M., Majcen B., Rojec M. Technology Transfer through FDI in Top-10 Transition Countries: How Important are Direct Effects, Horizontal and Vertical Spillovers? William Davidson Institute Working Papers Series, 2003, no. 549. URL: Link