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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2020-24-4-58-74</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-1043</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МЕЖДУНАРОДНЫЕ ФИНАНСЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>INTERNATIONAL FINANCE</subject></subj-group></article-categories><title-group><article-title>Инвестиционная привлекательность страны: анализ основных факторов</article-title><trans-title-group xml:lang="en"><trans-title>Country Attractiveness: Analysis of the Main Factors</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-3673-6696</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Аветисян</surname><given-names>А. Г.</given-names></name><name name-style="western" xml:lang="en"><surname>Avetisyan</surname><given-names>A. G.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Ани Григорьевна Аветисян — кандидат экономических наук, доцент кафедры экономической теории и проблем экономики переходного периода.</p></bio><bio xml:lang="en"><p>Ani G. Avetisyan — Cand. Sci. (Econ.), Assoc. Prof., Department of Economic Theory and Issues of Transition Period Economies.</p></bio><email xlink:type="simple">avetisian.ani@gmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Российско-Армянский (Славянский) университет</institution><country>Армения</country></aff><aff xml:lang="en"><institution>Russian-Armenian (Slavonic) University</institution><country>Armenia</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2020</year></pub-date><pub-date pub-type="epub"><day>17</day><month>08</month><year>2020</year></pub-date><volume>24</volume><issue>4</issue><fpage>58</fpage><lpage>74</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Аветисян А.Г., 2020</copyright-statement><copyright-year>2020</copyright-year><copyright-holder xml:lang="ru">Аветисян А.Г.</copyright-holder><copyright-holder xml:lang="en">Avetisyan A.G.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/1043">https://financetp.fa.ru/jour/article/view/1043</self-uri><abstract><p>Привлечение инвестиций актуально для любой экономики. Целью данного исследования является изучение факторов, влияющих на приток прямых иностранных инвестиций на примере стран, лидирующих по данному показателю, и стран Евразийского экономического союза (ЕАЭС). Автор использует как качественные, так и количественные методы анализа данных исследований других авторов, докладов международных организаций и базы данных Всемирного банка. Эконометрические расчеты сделаны при помощи прикладного пакета Stata 14. Построена модель линейной регрессии, оцененная по методу наименьших квадратов. Отобрано несколько факторов, предположительно влияющих на притоки ПИИ в страны ЕАЭС. Основой для расчетов стала объединенная модель анализа панельных данных, примененная к странам БРИКС и МИНТ, которая позволила авторам рассчитать степень влияния и значимости ряда переменных на объемы притока ПИИ. Показано, что фактор политической стабильности является более значимым, чем уровень инфляции, объем внешней торговли и расходы на конечное потребление. Автор пришел к выводу что сдерживающим рост инвестиций фактором является неэффективная деятельность институтов экономического и политического регулирования. В частности, негативными институциональными факторами являются непрозрачная политика регулирования, доминирование государственной собственности и отсутствие надлежащей системы защиты прав инвесторов, низкая степень верховенства закона и ограничение экономических свобод. Дальнейшее изучение вопросов, касающихся привлечения ПИИ, должно учитывать тенденции массовой цифровизации, поскольку внедрение и распространение цифровых технологий становится неотъемлемой составляющей конкурентоспособности современной экономики.</p></abstract><trans-abstract xml:lang="en"><p>Attracting investment is a relevant issue for any economy. The aim of the research is to study the factors affecting the inflow of foreign direct investment (FDI) by the example of countries leading in attracting FDI and countries of the Eurasian Economic Union (EAEU). The author uses both qualitative and quantitative methods to analyze research data of other authors, reports of international organizations and the World Bank database. The author did econometric calculations using the application package Stata 14. A linear regression model using the least-squares method was built. The author selected several factors that presumably affect FDI inflows to the EAEU countries. The calculations were based on the combined panel data analysis model used in the BRICS and MINT countries, which allowed the author to calculate the degree of influence and significance of a number of variables of FDI inflows. The study shows that political stability is more important than the inflation rate, the volume of foreign trade and final consumption expenditure. The author concluded that poor institutional development hinders investment. In particular, the negative institutional factors are non-transparent regulation policy, the dominance of public property and the lack of proper investment protection system, low degree of rule of law and limitation of economic rights. Further study of issues related to attracting FDI should consider the trends of mass digitization since the introduction and implementation of digital technology are becoming an integral part of the competitiveness of the modern economy.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>прямые иностранные инвестиции</kwd><kwd>инвестиционная привлекательность</kwd><kwd>макроэкономика</kwd><kwd>открытая экономика</kwd><kwd>конкурентоспособность</kwd></kwd-group><kwd-group xml:lang="en"><kwd>foreign direct investments</kwd><kwd>investment attractiveness</kwd><kwd>macroeconomics</kwd><kwd>open economy</kwd><kwd>competitiveness</kwd></kwd-group><funding-group><funding-statement xml:lang="ru">Исследование выполнено за счет средств, выделенных в рамках субсидии Министерства науки и высшего образования Российской Федерации на финансирование научно-исследовательской деятельности РАУ. Российско-Армянский университет (РАУ), Ереван, Армения</funding-statement><funding-statement xml:lang="en">This research was carried out at Russian-Armenian University with support from the Ministry of Science and Higher Education of the Russian Federation. Russian-Armenian (Slavonic) University, Yerevan, Armenia</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Asongu S., Akpan U. S., Isihak S. R. Determinants of foreign direct investment in fast-growing economies: Evidence from the BRICS and MINT countries. Financial Innovation. 2018;4:26. DOI: 10.1186/s40854-018-0114-0</mixed-citation><mixed-citation xml:lang="en">Asongu S., Akpan U. S., Isihak S. R. Determinants of foreign direct investment in fast-growing economies: Evidence from the BRICS and MINT countries. Financial Innovation. 2018;4:26. 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