Attracting FDI to accelerate growth. Is it worth reconsidering?

Authors

  • Georgy Iskanderovich Idrisov Gaidar Institute for Economic Policy
  • Boris Viktorovich Taganov Institute of Applied Economic Research with the Russian Presidential Academy of National Economy and Public Administration

Keywords:

Foreign direct investment, economic growth, economic policy

Abstract

The paper describes the issues of attracting foreign direct investment and its relationship with economic growth. The paper also considers the statistical definition of foreign direct investment, revealing its limits for analysis of economic processes. The authors show that activities of special purpose entities, presence of round-trip investment and non-equity modes of production tend to impede the proper analysis of international capital movements. The main results of the paper are the theoretical and practical considerations that go beyond the typical investment analysis, which should be taken into account when considering, implementing and evaluating the effectiveness of various investment decisions.

Author Biographies

Georgy Iskanderovich Idrisov, Gaidar Institute for Economic Policy

Doctor of Economic Sciences
Place of work, post: Gaidar Institute for Economic Policy, Real Sector Division - Head of the Division, Institute of Applied Economic Research with the Russian Presidential Academy of National Economy and Public Administration (RANEPA), Laboratory for Industrial Economies and Infrastructure, Director

Boris Viktorovich Taganov, Institute of Applied Economic Research with the Russian Presidential Academy of National Economy and Public Administration

Place of work, post: Institute of Applied Economic Research with the Russian Presidential Academy of National Economy and Public Administration, Laboratory for Industrial Economies and Infrastructure, research scientist

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Published

2024-02-08

How to Cite

Idrisov, G. I., & Taganov, B. V. (2024). Attracting FDI to accelerate growth. Is it worth reconsidering?. Russian Foreign Economic Journal, (1), 3–24. Retrieved from https://journal.vavt.ru/rfej/article/view/762

Issue

No. 1 (2015)

Section

World economy