Impact of Direct Investments in Russian Industrial Markets

Student: Sultimov Sokto

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Final Grade: 7

Year of Graduation: 2016

This paper assesses the impact of the fixed capital investments on the technical efficiency of the Russian industrial markets. There are tested two separate hypotheses whether which parameter may indicate technological progress: material costs per output value and labor expenses per output value. General results suggest, that both parameters are affected by the fixed capital investments in the long run, while in the short run the evidence is mixed due to specifics of each industry and its labor market. But it is important to note, that there is strong evidence on a long-run impact of fixed capital investments on the level of expenses (both material costs and labor expenses) per output value.

Full text (added June 15, 2016)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses