Abstract
The paper examines the characteristics of one of the key institutions of the investment policy—the agency for attracting investments, in particular its functions. We have found that the existence of this institution positively affects on the number of projects with the participation of foreign investors in the Russian regions.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
R. Ram and K. Zhang, “Foreign direct investment and economic growth: Evidence from cross-country data for the 1990s,” Econ. Dev. Cult. Change, No. 51 (1), 205–215 (2002).
P. Enderwick, Attracting “desirable” FDI: Theory and evidence, Transnat. Corp. 14 (2), 92–120 (2005).
R. Narula and J. H. Dunning, “Multinational enterprises, development and globalisation: Some clarifications and a research agenda,” in UNU-MERIT Working Paper Series 2009—023 (UNU-MERIT, Maastricht, 2009).
V. Shcherbakov, “Feldstein–Horioki paradox and investment process in regions,” Vestn. UrFU, Ser. Ekon., No. 2, 86–93 (2014).
J. Morisset and K. Andrews-Johnson, “The effectiveness of promotion agencies in attracting foreign direct investment,” in Occasional Paper 16, Foreign Investment Advisory Service (FIAS) (2003).
L. Wells and A. Wint, “Marketing a country, revisited,” FIAS Occasional Paper, No. 13 (2001).
S. H. Lim, “How investment promotion affects attracting foreign direct investment: Analytical argument and empirical analyses,” Int. Bus. Rev., No. 17, 39–53 (2008).
S. Mariotti and L. Piscitello, “Information cost and location of FDIs within the host country: Empirical evidence from Italy,” J. Int. Bus. Stud., No. 4, 815–841 (1995).
H. Loewendahl, “A framework for FDI promotion,” Transnat. Corp., No. 10 (1), 1–42 (2001).
J. Guimon, “Government strategies to attract R&DIntensive FDI,” J. Technol. Transfer, No. 34 (4), 364–379 (2009).
J. Morisset, “Does a country need a promotion agency to attract foreign direct investment?” World Bank Policy Res. Work. Paper, No. 3028 (2003).
A. Labykin, Investment reboot. http://expert.ru/expert/2015/16/investitsionnaya-perezagruzka/.
H. Brossard, “Importance of organizations for investment promotion during an investment decision process: An exploratory study,” Manage. Int. Rev., No. 38, 203–214 (1998).
T. Harding and B. S. Javorcik, “Developing economies and international investors: Do investment promotion agencies bring them together?,” World Bank Policy Res. Work. Paper, No. 4339 (2007).
Investment attractiveness of regions (2014). http://raexpert.ru/docbank/ec2/7a3/66f/c70746c2331c44d9ec2c127. pdf.
A. G. Wint and D. A. Williams, “Attracting FDI to developing countries: A changing role for government?” Int. J. Public Sector Manage., No. 15 (5), 361–374 (2002).
K. I. Grasmik, “Alternative assessment of volume and industry structure of foreign direct investment in Russia,” Stud. Russ. Econ. Dev. 26 (3), 218–224 (2015).
S. Filippov and J. Guimon, “Competing for high-quality FDI: Management challenges for investment promotion agencies,” Inst. Econ. 4 (2), 25–44 (2012).
Author information
Authors and Affiliations
Corresponding author
Additional information
Original Russian Text © K.I. Grasmik, A.A. Nesterov, 2016.
The article was translated by the authors.
Rights and permissions
About this article
Cite this article
Grasmik, K.I., Nesterov, A.A. Corporation for development as a tool to attract foreign investment. Stud. Russ. Econ. Dev. 27, 262–268 (2016). https://doi.org/10.1134/S1075700716030072
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1134/S1075700716030072