Foreign direct investment in countries of the former Soviet Union: Relationship to governance, economic freedom and corruption perception
Murat KenisarinAcademasbob, Uzbekistan Academy of Sciences, Tashkent Akademshaharchasi 700125, UzbekistanPhilip Andrews‐SpeedCentre for Energy, Petroleum and Mineral Law and Policy, University of Dundee, Carnegie Building, DD1 4HN Dundee, United Kingdom
ABI
Аннотация
The modernisation of the economies of the former Soviet Union (FSU) will require substantial levels of foreign direct investment (FDI). The aim of this study is to examine factors which may be instrumental in determining this level of the FDI. It achieves this by establishing quantitative relationships between levels of FDI per capita to the year 2004 and three sets of indicators relating, respectively, to governance, economic freedom, and corruption perception. The paper demonstrates that the level of FDI in FSU states has been determined to a significant extent by the degree of reform from a planned economy towards a market economy.
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