The linkage between foreign direct investment and trade openness in the Russian economy: an ARDL bound testing approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43928057" target="_blank" >RIV/62156489:43110/25:43928057 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.5922/2079-8555-2025-3-7" target="_blank" >https://doi.org/10.5922/2079-8555-2025-3-7</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5922/2079-8555-2025-3-7" target="_blank" >10.5922/2079-8555-2025-3-7</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The linkage between foreign direct investment and trade openness in the Russian economy: an ARDL bound testing approach

Popis výsledku v původním jazyce

This study examines the relationship between foreign direct investment (FDI), trade openness, and economic growth in Russia using annual time series data from 1993 to 2022. Utilizing the Autoregressive Distributed Lag (ARDL) approach, the findings reveal that FDI and trade have positive short-term effects on economic growth but no significant long-term impact. Supporting variables such as the real effective exchange rate positively influence growth in both the short and long term, while youth unemployment shows mixed short-term effects and a consistently negative long-term impact. Military spending has no short-term effect but negatively impacts growth in the long term, whereas inflation exhibits both positive and negative short-term influences and a negative longterm relationship with growth. Granger causality analysis highlights a unidirectional relationship between economic growth and trade openness, military spending, and the real effective exchange rate. The findings suggest policies to attract sustainable foreign investment, enhance trade, tackle youth unemployment, reassess defense budgets, and maintain stable monetary policies.

Název v anglickém jazyce

The linkage between foreign direct investment and trade openness in the Russian economy: an ARDL bound testing approach

Popis výsledku anglicky

This study examines the relationship between foreign direct investment (FDI), trade openness, and economic growth in Russia using annual time series data from 1993 to 2022. Utilizing the Autoregressive Distributed Lag (ARDL) approach, the findings reveal that FDI and trade have positive short-term effects on economic growth but no significant long-term impact. Supporting variables such as the real effective exchange rate positively influence growth in both the short and long term, while youth unemployment shows mixed short-term effects and a consistently negative long-term impact. Military spending has no short-term effect but negatively impacts growth in the long term, whereas inflation exhibits both positive and negative short-term influences and a negative longterm relationship with growth. Granger causality analysis highlights a unidirectional relationship between economic growth and trade openness, military spending, and the real effective exchange rate. The findings suggest policies to attract sustainable foreign investment, enhance trade, tackle youth unemployment, reassess defense budgets, and maintain stable monetary policies.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Baltic Region

ISSN

2079-8555

e-ISSN

2310-0524

Svazek periodika

17

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

RU - Ruská federace

Počet stran výsledku

27

Strana od-do

123-149

Kód UT WoS článku

001620435900007

EID výsledku v databázi Scopus

2-s2.0-105026397628