The Effects of FDI and Exports on Economic Growth of Russia and its Far Eastern District. Issue 6 (2nd November 2022)

• Record Type: Journal Article
• Authors: Lee, Han-Sol; Yu, Woosik
• Is Part Of: Eastern European economics. Volume 60:Issue 6(2022)
• Page Start: 479
• Page End: 497
• Publication Date: 2022-11-02
• Subjects: Russian economy -- Far Eastern district of Russia -- FDI -- international trade -- economic growth -- development policy; F14 -- F21 -- P25; Europe, Eastern -- Economic conditions -- Periodicals; 330.947
• DOI: 10.1080/00128775.2022.2114914
• Languages: English
• ISSNs: 0012-8775

Abstract

ABSTRACT: This paper empirically tests the effects of FDI and exports on the sustainable economic growth of Russia in general, and that of its Far Eastern District in particular, using a state-level dataset. The results show that FDI inflows positively facilitate the income growth of Russia in general. However, it is export rather than the FDI that plays a key role in inducing economic growth for the Far Eastern district. Based on our empirical analyses, we suggest the Far Eastern states pursue export-led growth strategy and improve the current FDI structure that is distorted toward the energy sector.