Институциональные факторы размещения прямых иностранных инвестиций в предприятия российской пищевой промышленности
Does the institutional environment in Russian regions significantly stimulate the inflow of foreign direct investment in Russian food industry enterprises or is the investor interested only in the size of a market? The sample of about 5000 food industry companies of different subindustries from different Russian regions is analyzed to give the answer to this question. The main idea of this investigation is to determine the institutional factors which effect the distribution of the FDI and to test whether the transport infrastructure in the region and in the neighboring ones plays an important role. The estimation of a multilevel binary model with spatial effects of analyzed factors gives the idea for the possible solution on the problem discovered above.