Eurasian Economic Union: investment climate and FDI overview

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....

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Main Author: Y. Zh. Akhmetzaki
Format: Article
Language:English
Published: Al-Farabi Kazakh National University 2016-11-01
Series:Хабаршысы. Экономика сериясы
Subjects:
Online Access:http://be/index.php/math/article/view/1382
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author Y. Zh. Akhmetzaki
author_facet Y. Zh. Akhmetzaki
author_sort Y. Zh. Akhmetzaki
collection DOAJ
description 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.
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spelling doaj.art-2f9c22e23f10476e8cd5e971e844d0f32023-10-03T11:12:09ZengAl-Farabi Kazakh National UniversityХабаршысы. Экономика сериясы1563-03582617-71612016-11-011164/2Eurasian Economic Union: investment climate and FDI overviewY. Zh. Akhmetzaki0Al-Farabi Kazakh National UniversityThe 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.http://be/index.php/math/article/view/1382Eurasian economic unionFDI (foreign direct investment)investment climate.
spellingShingle Y. Zh. Akhmetzaki
Eurasian Economic Union: investment climate and FDI overview
Хабаршысы. Экономика сериясы
Eurasian economic union
FDI (foreign direct investment)
investment climate.
title Eurasian Economic Union: investment climate and FDI overview
title_full Eurasian Economic Union: investment climate and FDI overview
title_fullStr Eurasian Economic Union: investment climate and FDI overview
title_full_unstemmed Eurasian Economic Union: investment climate and FDI overview
title_short Eurasian Economic Union: investment climate and FDI overview
title_sort eurasian economic union investment climate and fdi overview
topic Eurasian economic union
FDI (foreign direct investment)
investment climate.
url http://be/index.php/math/article/view/1382
work_keys_str_mv AT yzhakhmetzaki eurasianeconomicunioninvestmentclimateandfdioverview