Kudryashova I.V., Pleshakova M.V., Ryabova I.A. Foreign Direct Investment in Volgograd Region: Distribution and Role in the Economy 




 Inna V. Kudryashova

	 Volgograd State University, Volgograd, Russian Federation

 

 




 Marina V. Pleshakova

	 Kuban State University, Krasnodar, Russian Federation

 

 




 Inna А. Ryabova

	 Federal Research Centre The Southern Scientific Centre of the Russian Academy of Sciences, Rostov-on-Don, Russian Federation

 

 




 Abstract. Foreign direct investment (FDI) has played a key role in the efforts to achieve a sustainable economic growth and high social and economic indicators in many countries and regions of the world. The paper focuses on the analysis of the role of foreign direct investment in the economy of Volgograd region. The author uses the comparative analysis, historical and statistical methods, and correlation analysis. The analysis of the indicators of 2011–2019 shows a small share of foreign direct investment in the gross regional product in Volgograd region in comparison with the Russian Federation, and insufficient provision of regional economy with labour resources. The comparison shows a discrepancy between the real needs and sectoral distribution of foreign direct investment in the regional economy. The research on the country and type composition of FDI in Volgograd region reveals some positive trends. The share of investments in the form of capital in comparison with the share of debt capital has increased; the share of off-shore foreign direct investment has decreased. The correlation analysis reveals a moderate or weak relationship between foreign direct investment and key economic indicators of Volgograd region, i.e. gross regional product, employment rate, average monthly income of the population, depreciation of fixed assets and labour productivity. The results show the need to develop special measures to maximize benefits from the cooperation of regional businesses and foreign investors in Volgograd region.

 

 




 Key words: foreign direct investment, economic growth, gross regional product, labour resources, investment attraction, depreciation of fixed assets, offshore zones, economy of Volgograg region, international finance.

 

 




 Citation. Kudryashova I.V., Pleshakova M.V., Ryabova I.A., 2020. Foreign Direct Investment in Volgograd Region: Distribution and Role in the Economy. Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], vol. 8, no. 1, pp. 212-222. (in Russian). DOI: https://doi.org/10.15688/re.volsu.2020.1.19




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