Abstract
The article justifies the role of foreign direct investment in the development of CIS economies and deepening their economic cooperation. To assess the contemporary environment, econometric calculations are used, that identify the causal relationship between foreign direct investment, foreign trade and GDP of developing countries. The application of the Granger model shows that there is a long-run relationship between FDI variables and foreign trade for the CIS countries. The Vector Autoregression model indicates that there is a cause-and-effect relationship between the variables across the CIS partner countries: foreign direct investment flows from Russia to CIS countries contribute to the growth of foreign trade. The article proves the positive role of foreign direct investments in the development of CIS economies and deepening their economic relations. The results of the study justify the role of direct investments in the CIS countries economy. The proposals for creating a favorable investment climate in the CIS are presented and boost the practical value of the paper.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
World Investment Report 2021: Investing in Sustainable Recovery. https://unctad.org/system/files/official-document/wir2021_en.pdf. Last accessed 20 Nov 2021
Dinkar, N., Choudhury, R.N.: Selective review of foreign direct investment theories. Asia-Pacific Research and Training Network On Trade. Working Paper 143, pp. 2–27 (2014)
Boudreau, K.J., Lacetera, K., Lakhani, K.N.: Incentives and problem uncertainty in innovation contests: an empirical analysis. Manage. Sci. 57(5), 843–863 (2016)
Kojima, K., Ozava, T.: Micro- and macroeconomic models of direct foreign investment: toward a synthesis. Hitotsubashi J. Econ. 25, 1–20 (1984)
Johansen, S., Juseliu, K.: Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bull. Econ. Stat. 52(2), 169–210 (1990)
Hemstra, C., Jonathan, D.: Testing for linear and nonlinear Granger causality in the stock price-volume relation. J. Financ. 49(5), 1639–1664 (1994)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Yarygina, I., Gisin, V., Mamedov, T., Putko, B. (2022). The Impact of Foreign Direct Investment on the CIS: Econometrics Modeling. In: Silhavy, R. (eds) Artificial Intelligence Trends in Systems. CSOC 2022. Lecture Notes in Networks and Systems, vol 502. Springer, Cham. https://doi.org/10.1007/978-3-031-09076-9_5
Download citation
DOI: https://doi.org/10.1007/978-3-031-09076-9_5
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-09075-2
Online ISBN: 978-3-031-09076-9
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)