Conditionings of decision of foreign investors on Ukraine in regional expression
DOI:
https://doi.org/10.12775/EQUIL.2010.014Keywords:
foreign direct investment, risk, profitability m region, UkraineAbstract
The purpose of the article is determination of influence of FDI on Ukrainian regional development. On the basis of theoretical grounds there will be presented question of heterogeneity in the sphere of regional distribution of FDI and also the influence of this phenomenon on development of host country. Methods of statistic data analysis and source materials will be used for this purpose. Induction will allow todraw the conclusions. In turn, the concentration index of Herfindahl-Hirschman indicates the situation in the distribution of foreign capital in Ukrainian regions. Test results indicate a substantial level of concentration of foreign capital invested in the Ukrainian economy. This has negative effects manifested in the stratification of society and creating gaps in economic development.
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References
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Alfaro L., Chanda A., Kalemli-Ozcan S. and Sayek S. (2004) FDI and economic growth: The role of local financial markets, ?Journal of International Economics?, 64, p. 89-112
Balasubramanyam V.N., Salisu M.A., and D. Sapsford (1996), Foreign Direct Investment and Growth in EP and IS Countries, ?Economic Journal?, 1996, p. 92?105
Bode E., Nunnenkamp P. (2007), Does Foreign Direct Investment Promote Regional Development in Developed Countries? A Markov Chain Approach for US States, ?Kiel Institute for the World Economy?, Kiel Working Paper No. 1374, Kiel
Borenztein E., De Gregorio J. and Lee J.-W. (1998), How does foreign direct investment affect economic growth, ?Journal of International Economics?, 45, p. 115-135
Carkovic M. and Ross L.(2002), Does foreign direct investment accelerate economic growth?, Minneapolis: University of Minnesota
Consolidated versions of the Treaty on European Union and of the treaty establishing of the European Comunity (2006), ?Official Journal of the European Union?, C 321 E/1
Dutt, Amitava Krishna (1997), The pattern of direct foreign investment and economic growth, ?World Development?, 25 (11), pp. 1925-1936
Doing Business 2010: Reforming through Difficult Times (2009), ?The World Bank?, IFC and Palgrave MacMillan, Washington
Emmett J.V.(1997), Risk Management, John Whiley & Sons
Ghatak A., Halicioglu F. (2007), Foreign direct investment and economic growth: some evidence from across the Word, ?MPRA? Paper No. 3563
Girma S., Wakelin K. (2001), Regional Underdevelopment: Is FDI the Solution? A Semiparametric Analysis. ?Center for Economic Policy Research?, Discussion Paper 2995. Washington, D.C.
Herzfeld T., & Weiss C. (2003), Corruption and legal ineffectiveness: An empirical analysis, ?European Journal of Political Economy?, 19, p. 21?632
Inwestyciji zownishnioekonomichnoji dijalnosti u 2009 roci (2009), ?Derzavnyj Komitet Statystyky Ukrajiny?, Ekspres vypusk, nr 35,
Johnson A. (2006), The Effects of FDI Inflows on Host Country Economic Growth, ?CESIS Working Paper Series?, Royal Institute of Technology, Paper No. 58, Sweden
Kudina A., Jakubiak M. (2008), The motives and impedimenta to FDI In the CIS, VII OECD Global Forum on International Investment
Lim E. G. (2001), Determinants of, and the relation between, foreign direct investment and growth; a summary of the recent literature, ?IMF Working Papers?, No: WP/01/175
Mo P. H. (2001), Corruption and economic growth, ?Journal of Comparative Economics?, 29, p. 66?79
Mody A., Wang F.-Y. (1997), Explaining Industrial Growth in Coastal China: Economic Reforms?and What Else? ?World Bank Economic Review?, 11 (2), p. 293?325
Mullen J.K., Williams M. (2005), Foreign Direct Investment and Regional Economic Performance, ?Kyklos? 58 (2), p. 265?282
Narodowy Bank Ukrainy, www.bank.gov.ua
Państwowy Komitet Statystyki Ukrainy, www.ukrstat.gov.ua
Petrovic E., Stankovic J. (2009), Country risk and effects of foreign direct investment, ?FACTA UNIVERSITATIS, Economics and Organization?, Vol. 6, No 1, pp. 9 ? 22
Ram R. and Honglin Z. (2002), Foreign direct investment and economic growth: evidence from cross-country data for the 1990s, ?Economic Development and Cultural Change?, 51 (1), pp. 205-215
Slywester K. (2005), Foreign direct investment, growth and income equality in less developed countries, ?International Review of Applied Economics?, Vol.19, No.3, pp.289-300
Study on FDI and regional development (2006) report by Copenhagen Economics with Professor Magnus Blomstrom, European Commission, Directorate- General for Regional Policy
The Heritage Foundation, available at http://www.heritage.org/index/Ranking.aspx
Torau M.A., Goss E. (2004), The Effects of Foreign Capital on State Economic Growth, ?Economic Development Quarterly?, 18 (3), p. 255?268
Transition Report 2009: Transition in crisis? (2009), ?EBRD?
Valiullin Kh. Kh., Shakirova E.R. (2004), The Heterogeneity of Russia?s Investment Space: Regional Aspect, ?Studies on Russian Economic Development?, Vol. 15, No. 1, pp. 102?107
Xing Y., Zhang K.H. (2004), FDI and Regional Income Disparity in Host Countries: Evidence from China, ?Economia Internazionale? 57 (3), p. 363?379
Zhang X., Zhang K.H. (2003), How Does Globalisation Affect Regional Inequality within a Developing Country? Evidence from China, ?Journal of Development Studies? 39 (4), p. 47?67
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Published
2010-06-30
How to Cite
Vashchenko, M. (2010). Conditionings of decision of foreign investors on Ukraine in regional expression. Equilibrium. Quarterly Journal of Economics and Economic Policy, 4(1), 175–187. https://doi.org/10.12775/EQUIL.2010.014
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Integration processes in Europe and in the world
