Evaluation of institutional grounding for Russian investments to basic industries of Nepal
https://doi.org/10.17073/2072-1633-2019-4-455-465
Abstract
This article is developed to understand the Russian investment in Nepal. Since these days due to the western section it is necessary for Russia to expand its economic relations to others continent and Asia is a best part to expand its investment. As there are some countries already tie with Russia in economic connection from South Asia like India, Pakistan but with Nepal and Russia had more on diplomatic relation. Thus it is very good choice to look and increase for economic relation for Russia with Nepal. The author has highlighted institution determinant of Foreign Direct Investments (FDI) to attract investment in Nepal because these days the political stability has become better in Nepal. The author also found the industries to invest in Nepal for Russia however there are some investment existed already by Russia. The author has recommended to the investors to invest in some specific industries without any hesitation as Nepal is facilitation for investment attraction and also its institution condition is becoming better.
About the Authors
Sh. Mishra
Peoples’ Friendship University of Russia
Russian Federation
Russian Federation
Shila Mishra – Postgraduate Student
6 Miklukho-Maklaya Ul., Moscow 117198
A. M. Zobov
Peoples’ Friendship University of Russia
Russian Federation
Russian Federation
A.M. Zobov – PhD, Professor
6 Miklukho-Maklaya Ul., Moscow 117198
E. A. Fedorenko
Peoples’ Friendship University of Russia
Russian Federation
Russian Federation
E.A. Fedorenko – Senior Teacher
6 Miklukho-Maklaya Ul., Moscow 117198
References
1. Russian strategic interests in South Asia. Available at: http://scholarresearch.org/wp-content/uploads/2016/02/Russianstrategic-interests-in-South-Asia.pdf (accessed: 10.10.2018).
2. Chernikov C.Yu., Konovalova Yu.A. Russia–India High Technology Cooperation. Russian Journal of Industrial Economics. 2016. No. 2. Pp. 99–107. (In Russ.). DOI: 10.17073/2072-1633-2016-2-99-107
3. Government of Nepal – Ministry of Foreign Affairs. Available at: https://mofa.gov.np/foreign-policy/diplomatic-relations/(accessed: 10.10.2018).
4. According to recent President of NRNA Russia, Rameshwor Gautam (accessed:10.10.2018)
5. The World Bank. Available at: https://data.worldbank.org/indicator/SP.POP.TOTL?locations=RU (accessed: 10.09.2018).
6. Mishra Sh., Degtereva E.A., Paneru Kh. Role of Foreign Direct Investment by Multinational Companies in Economic Growth of Nepal. Journal of Economics and Development Studies. 2017. Vol. 5. No. 1. Pp. 91–101.DOI: 10.15640/jeds.v5n1a9
7. Chernikov S.Yu. Trade and investment cooperation features between Russia and China. Vestnik Universiteta. 2016. No. 3. Pp. 114–118. (In Russ.)
8. Naudé W.A., Krugell W.F. Investigating geography and institutions as determinants of foreign direct investment in Africa using panel data. Applied Economics.2007. Vol. 39. No. 10. Pp. 1223–1233.
9. Mengistu A.A., Bishnu K.A. Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review. 2011. Vol. 17. No. 3. Pp. 281–299.
10. Tun Y.-L., Azman-saini W.N.W., Law S.-H. International evidence on the link between foreign direct investment and institutional quality. Engineering Economics. 2012. Vol. 23. No. 4. Pp. 379–386. DOI: 10.5755/j01.ee.23.4.2569
11. Aziz O.G., Mishra A.V. Determinants of FDI inflows to Arab economies. The Journal of International Trade & Economic Development. 2016. Vol. 25. No. 3. Pp. 325–356. DOI: 10.1080/09638199.2015.1057610
12. Aziz O.G. Institutional quality and FDI inflows in Arab economies. Finance Research Letters. 2017. Vol. 25. Pp. 111–123. DOI: 10.1016/j.frl.2017.10.026
13. Government of Nepal, Ministry of Industry, Department of Industry. Available at: http://www.doind.gov.np/index.php/publications/industry-statistics (accessed: 10.10.2018).
14. MoF. Economic Survey 2016/17, Ministry of Finance, Government of Nepal, Kathmandu, Nepal. Available at: https://ru.scribd.com/document/371248667/Economic-Survey-English-2016-17 (accessed: 10.10.2018).
15. National Planning Commission, 2017: Nepal’s Sustainable Development Goals. Baseline Report, 2017. Government of Nepal, National Planning Commission, Kathmandu, Nepal. Available at: https://www.npc.gov.np/images/category/SDGs_Baseline_Report_final_29_June-1(1).pdf (accessed: 10.10.2018).
16. ALJAZEERA. Nepal elections explained. Available at: https://www.aljazeera.com/indepth/interactive/2017/11/nepal-elections-2017-explained-171126103009857.html (accessed: 10.10.2018).
17. Government of Nepal Ministry of Industry, Foreign Investment Opportunities, 2009. Available at: https://ru.scribd.com/document/54505782/Foreign-Investment-Opportunities-in-Nepal-2009 (accessed: 10.10.2018).
18. Central Bureau of Statistics, Government of Nepal.
Review
For citations:
Mishra Sh., Zobov A.M., Fedorenko E.A. Evaluation of institutional grounding for Russian investments to basic industries of Nepal. Russian Journal of Industrial Economics. 2019;12(4):455-465. https://doi.org/10.17073/2072-1633-2019-4-455-465
Views:
722
Email this article 