financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2024-28-3-144-156finance-2962Research ArticleМЕЖДУНАРОДНЫЕ ФИНАНСЫINTERNATIONAL FINANCEАнализ детерминант ПИИ с помощью модели авторегрессии с распределенным лагом: данные по ИндииAnalysis of FDI Determinants Using Autoregressive Distributive Lag Model: Evidence from Indiahttps://orcid.org/0000-0002-9326-3744ПательR.PatelR.

Рича Патель — исследователь

Нойда, Уттар-Прадеш

Richa Patel — researcher

Noida, Uttar Pradesh

richa.patel@s.amity.eduhttps://orcid.org/0000-0002-9326-3744МохапатраД. Р.MohapatraD. R.

Дипти Р. Мохапатра — PhD, профессор экономики

Нойда, Уттар-Прадеш

Dipti R. Mohapatra — PhD, Prof. of Economics

Noida, Uttar Pradesh

drmohapatra@amity.eduhttps://orcid.org/0000-0003-4671-6357ЯдавС. К.YadavS. K.

Сунил К. Ядав — PhD, доцент

Газиабад, Уттар-Прадеш

Sunil K. Yadav — PhD, Assoc. Prof.

Ghaziabad, Uttar Pradesh

sunilyadav29@gmail.comКолледж коммерции и финансов Amity, Университет AmityИндияAmity College of Commerce & Finance, Amity UniversityIndiaИнститут технологии и наукиИндияInstitute of Technology and ScienceIndia202411072024283144156Copyright © Патель R., Мохапатра Д.Р., Ядав С.К., 20242024Патель R., Мохапатра Д.Р., Ядав С.К.Patel R., Mohapatra D.R., Yadav S.K.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/2962

Значение прямых иностранных инвестиций (ПИИ) для расширения и развития развивающихся экономик признано давно. Тем не менее исследования факторов, влияющих на приток ПИИ, все еще находятся в стадии развития. Данное исследование посвящено изучению долгосрочной и краткосрочной связи между притоком ПИИ и его детерминантами с использованием метода тестирования границ ARDL и модели коррекции ошибок для понимания взаимосвязи между исследуемыми переменными. Полученные результаты свидетельствуют о существовании долгосрочной и краткосрочной связи между ПИИ и внутренними инвестициями, инфляцией, инфраструктурой и открытостью торговли. Вместе с тем размер рынка оказывает незначительное влияние на приток ПИИ. Коэффициенты внутренних инвестиций, инфраструктуры и открытости торговли оказались положительными. Влияние инфляции оказалось отрицательным. Исследование показывает, что индийская экономика должна ускорить процесс интеграции с мировой экономикой наряду с  увеличением внутренних инвестиций и  развитием инфраструктуры для достижения более высокого уровня ПИИ.

The significance of foreign direct investment (FDI) for the expansion and advancement of emerging economies has long been recognized. Yet, research on the factors that influence FDI inflows is still developing. This study focuses on examining the long- and short-term association between FDI inflows and its determinants, employing ARDL bounds testing approach and Error Correction Model to understand the relationship between the variables under study. The findings evidence the existence long- and short-term association between FDI and domestic investment, inflation, infrastructure, and trade openness. However, market size is observed to be insignificant in influencing FDI inflows. The coefficients of domestic investment, infrastructure and Trade Openness are observed to be significantly positive. The influence of inflation is found to be negative. The study suggests that the Indian economy should accelerate the process of integration with the world economy along with the enhancement of domestic investment and infrastructure facilities to attain higher FDI.

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The authors declare that there are no conflicts of interest present.