Eurasian Economic Union: investment climate and FDI overview
57 43
Кілттік сөздер:
Eurasian economic union, FDI (foreign direct investment), investment climate.Аннотация
The article examined the investment climate of Eurasian economic union (EEU) countries and dynamics of foreign direct investment (FDI) flows in the region. Most theoretical and empirical studies refer to the positive impact of integration on economic performance, trade and foreign direct investment. The FDI flows to the Eurasian economic union members follow an increasing tendency, with an exception for Russia, which experiences a downturn in FDI inflows from the European countries. In the intraregional aspect, Kazakhstan obtained more FDI since the adoption of Customs union, which partially verifies the positive impact of intraregional cooperation and liberalizing reforms on FDI. The investment climate characteristics are relatively satisfactory for all three countries; however, some institutional reforms are required for more favorable conditions of establishing a foreign firm, additionally the allowed shares of foreign ownership in such sectors as: media, telecommunication, insurance, transportation and electricity can be increased for expanding investment opportunities in the EEU region.Библиографиялық сілтемелер
1 The Commission Decision of Customs Union. – 2011. – № 615.
2 The Eurasian Development Bank, available at: http://eabr.org/e/research/centreCIS/aboutCIS/index.php (accessed February
10, 2016).
3 Clausing K.A. Trade creation and trade diversion in the Canada – United States Free Trade Agreement // Canadian Journal
of Economics. – 2001. – Vol. 34. – № 3. – P. 677-696.
4 Guerin S.S., Manzocchi.S. Political regime and FDI from advanced to emerging countries. The Relationship between FDI
and Regional Economic Integrations: An Empirical Analysis of BSEC Countries // Review of World economics. – 2009. – Vol. 145.
– № 1. – P. 75-91.
5 Jaumotte F. Foreign direct investment and regional trade agreements: The Market size effect revisited // IMF Working Paper.
– 2004. – WP/04/206.
6 Berger A., Busse M., Nunnenkamp P., Roy. M. Do trade and investment agreements lead to more FDI? Accounting for key
provisions inside the black box // International Economic Policy. – 2013. – № 10. – P. 247–275.
7 Medvedev D. 2012. Beyond Trade: The Impact of Preferential Trade Agreements on FDI Inflows // The World Bank, World
Development. – 2012. – Vol. 40. – № 1. – P. 49–61.
8 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
9 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
10 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
11 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
12 World Bank data, available at: www.worldbank.org (accessed February 10, 2016).
13 World Bank data, available at: www.worldbank.org (accessed February 10, 2016).
14 Data from the National Bank of Kazakhstan, available at: www.nationalbank.kz (accessed February 10, 2016).
15 Data from the National Bank of Kazakhstan, available at: www.nationalbank.kz (accessed February 10, 2016).
2 The Eurasian Development Bank, available at: http://eabr.org/e/research/centreCIS/aboutCIS/index.php (accessed February
10, 2016).
3 Clausing K.A. Trade creation and trade diversion in the Canada – United States Free Trade Agreement // Canadian Journal
of Economics. – 2001. – Vol. 34. – № 3. – P. 677-696.
4 Guerin S.S., Manzocchi.S. Political regime and FDI from advanced to emerging countries. The Relationship between FDI
and Regional Economic Integrations: An Empirical Analysis of BSEC Countries // Review of World economics. – 2009. – Vol. 145.
– № 1. – P. 75-91.
5 Jaumotte F. Foreign direct investment and regional trade agreements: The Market size effect revisited // IMF Working Paper.
– 2004. – WP/04/206.
6 Berger A., Busse M., Nunnenkamp P., Roy. M. Do trade and investment agreements lead to more FDI? Accounting for key
provisions inside the black box // International Economic Policy. – 2013. – № 10. – P. 247–275.
7 Medvedev D. 2012. Beyond Trade: The Impact of Preferential Trade Agreements on FDI Inflows // The World Bank, World
Development. – 2012. – Vol. 40. – № 1. – P. 49–61.
8 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
9 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
10 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
11 Investing Across Borders World Bank group, available at: http://iab.worldbank.org/ (accessed March 1, 2016).
12 World Bank data, available at: www.worldbank.org (accessed February 10, 2016).
13 World Bank data, available at: www.worldbank.org (accessed February 10, 2016).
14 Data from the National Bank of Kazakhstan, available at: www.nationalbank.kz (accessed February 10, 2016).
15 Data from the National Bank of Kazakhstan, available at: www.nationalbank.kz (accessed February 10, 2016).
Жүктелулер
Как цитировать
Akhmetzaki, Y. Z. (2016). Eurasian Economic Union: investment climate and FDI overview. ҚазҰУ хабаршысы. Экономика сериясы, 116(4/2). вилучено із https://be.kaznu.kz/index.php/math/article/view/1382
Шығарылым
Бөлім
Бөлімсіз
