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Transition to market economies and capital transfer in the former Soviet Union and Eastern Europe

Research Project

Project/Area Number 11630038
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field 経済政策(含経済事情)
Research InstitutionHitotsubashi University

Principal Investigator

NISHIMURA Yoshiaki  Hitotsubashi University, Institute of Economic Research, Professor, 経済研究所, 教授 (60017671)

Project Period (FY) 1999 – 2001
Project Status Completed (Fiscal Year 2001)
Budget Amount *help
¥3,400,000 (Direct Cost: ¥3,400,000)
Fiscal Year 2001: ¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 2000: ¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 1999: ¥1,400,000 (Direct Cost: ¥1,400,000)
KeywordsForeign Direct Investment / FDI / The Hungarian Economy / The Russian Economy / Transition to a Market Economy / Greenfield Investment / Portfolio Investment / Privatization / ブルガリア経済 / 経済特別区 / 外資導入 / ロシア / 東欧 / 旧ソ連 / 短期資本
Research Abstract

In this research project conducted for three years, firstly I collected and inspected statistical materials on capital inflow published in transitional countries and those revealed by the international financial institutions. And consultations with foreign experts were also useful. Through this investigation it turned out fruitful that Hungary should be examined in terms of FDI and Russia from the viewpoint of portfolio investment. Therefore my detailed analyzes were focused on the two countries. My findings were published in three papers already. And moreover they were full of suggestion for the intergovernmental project of technical cooperation with the Bulgarian Ministry of Economy to support formation of key industrial policies (I am the head of the project on the Japanese side). For eventually it has become quite clear that not only portfolio investments but also foreign direct investments contain negative effects as well as positive ones. I could point out through analyzes of FDI influences over balance of payments, foreign trade and economic structure in Hungary that a deepest split of her economy or a serious dual economy has emerged which consists of a sector with foreign capital participation and a sector of Hungarian indigenous capital. This fact means the invitation of FDI is never a panacea for transition to a market economy but that cautiously selective induction of FDI is indispensable from the viewpoint of independency of a national economy. As regards Russia I emphasized that her easy liberalization policy of the economy is extremely dangerous for the Russian economy which has been suffering from the so-called "Dutch disease".

Report

(4 results)
  • 2001 Annual Research Report   Final Research Report Summary
  • 2000 Annual Research Report
  • 1999 Annual Research Report
  • Research Products

    (9 results)

All Other

All Publications (9 results)

  • [Publications] 西村 可明: "ロシア・マクロ経済動向"ロシア研究. 第31号. 20-35 (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] 西村 可明: "ハンガリーにおける外国直接投資(FDI)再論"経済研究. Vol.52 No.4. 334-347 (2001)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] 西村 可明: "ロシア経済動向"プーチン政権下のロシアの軍事力の今後の方向. 56-71 (2001)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] Y. Nishimura: "Dynamics of the Russian Macro-economy"Russian Studies. No.31. 20-35 (2000)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] Y. Nishimura: "Reconsideration of FDI in Hungary in the 1990s"The Economic Review. Vol.52, No.4. 333-347 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] Y. Nishimur: "Recent Trends of the Russian Economy"Further developments of the Russian Military Force under Putin's Government. 56-71 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2001 Final Research Report Summary
  • [Publications] 西村可明: "ハンガリーにおける外国直接投資(FDI)再論"経済研究. Vol.52. NO.4. 334-347 (2001)

    • Related Report
      2001 Annual Research Report
  • [Publications] 西村可明: "ロシア経済動向"プーチン政権下のロシアの軍事力の今後の方向(平和・安全保障研究所). 56-71 (2001)

    • Related Report
      2001 Annual Research Report
  • [Publications] 西村可明: "ロシア・マクロ経済動向"ロシア研究. 第31号. 20-35 (2000)

    • Related Report
      2000 Annual Research Report

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Published: 1999-04-01   Modified: 2016-04-21  

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