Эконометрическое моделирование влияния политических рисков на прямые иностранные инвестиции в развивающиеся экономики
In this paper, we compare age-earnings profiles between generations. Our empirical estimates are based on the Russia Longitudinal Monitoring Survey of HSE (RLMS-HSE) data, 1994–2015. Using the long time-series panel, we overcome age-period-cohort problem inherent in the linear cross-sectional models. The main result in this paper is comparison of monthly income of different cohorts of individuals (in constant prices), controlling for a wide set of explanatory variables.
This paper attempts to examine the effects of Political Risk (PR) and Democracy on Japanese outward Foregn Direct Investment (FDI) activities. Our theoretical model suggests an overall inverted U-shape response of FDI flows to PR and Democracy levels. To test the theoretical hypotheses we estimate a linear dynamic panel-data model using data from 56 developed and developing countries for the period 1995-2010. We find that an improvement in PR and Democracy promotes Japanese FDI to developing countries, and slightly discourages Japanese FDI to developed countries.
Strong distinction between contractual claims and claims arising out of bilateral investment treaties (BIT) exists in modern investment disputes resolution. This distinction has a practical importance when the competence of international tribunal to decide the claim is in question, because investment contract and BIT contain different dispute resolution provisions. The common mechanism of dealing with this conflict is introduction of umbrella clause in the particular BIT. Umbrella clause is the clause lifting the breach of contract between investor and host state to the level of breach of BIT between this state and investor’s home country. The role of umbrella clauses in international investment law and the issue of competence conflicts arising of them are analyzed in this article.
The main goal of this article is to analyse the political risk of Russia with a special emphasis on Kaliningrad. In this study, political risks are assessed using the normative model of macro political risk assessment developed by Alon and Martin in 1998. In this model, political risks are divided into government-, society- and economy-related variables.
In this work the demand for the incoming tourism in the Russian Federation is modeling. The panel data for 16 countries - the basic sources of tourist streams - and the period with 2000 for 2009 are used. Modeling is spent separately for each of 10 tourist zones of Russia. In quality a determinant of demand there are considered a total national product in a country of origin, the exchange rate, transport charges, cost of residing, lag of the demand variable and the fictitious variables reflecting influence of shocks in quality a determinants of demand. The received estimations of dynamic models of demand correspond to expectations, are statistically significant and can be useful in practice of planning of development of entrance tourism in various municipal formations and regions of Russia.