<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Aim/purpose</bold> – This paper surveys three decades of empirical literature on foreign direct investment (FDI) and international trade across the former Soviet economic space. In this survey, we outline the current state of research, discuss data limitations, and identify topics for further studies.
<bold>Design/methodology/approach</bold> – The methodology used in this study is a systematic literature review. Multiple databases were searched, including Google Scholar, IDEAS (RePEc), JSTOR, Web of Science, and others. In total, 59 papers published between 1990 and 2023 were analyzed.
<bold>Findings</bold> – Our findings are severalfold. First, we highlight severe data collection problems related to foreign equity and trade outside the Baltics, Ukraine, Russia, and some Central Asian Republics (CARs). As a result, we point out the limited availability of studies that use contemporary data and cover important economic events, such as the European accession of the Baltics, the formation of new preferential trade agreements, and economic re-integration centered around Russia, and Ukraine’s political stability.
<bold>Research implications/limitations</bold> – This study should assist researchers in identifying prospective research directions in post-communist economic research. The main limitations of this survey are i) the total number of papers surveyed (59), ii) the focus on empirical studies, and iii) the specific geographical area considered.
<bold>Originality/value/contribution</bold> – Despite the critical role of FDI and trade in transitional economies, plenty of relevant topics have remained undiscovered (e.g., the relationship between outward FDI and profit shifting). To the best of our knowledge, no systematic survey has been done on these two areas of research.
</abstract>

Aim/purpose – This paper surveys three decades of empirical literature on foreign direct investment (FDI) and international trade across the former Soviet economic space. In this survey, we outline the current state of research, discuss data limitations, and identify topics for further studies.
Design/methodology/approach – The methodology used in this study is a systematic literature review. Multiple databases were searched, including Google Scholar, IDEAS (RePEc), JSTOR, Web of Science, and others. In total, 59 papers published between 1990 and 2023 were analyzed.
Findings – Our findings are severalfold. First, we highlight severe data collection problems related to foreign equity and trade outside the Baltics, Ukraine, Russia, and some Central Asian Republics (CARs). As a result, we point out the limited availability of studies that use contemporary data and cover important economic events, such as the European accession of the Baltics, the formation of new preferential trade agreements, and economic re-integration centered around Russia, and Ukraine’s political stability.
Research implications/limitations – This study should assist researchers in identifying prospective research directions in post-communist economic research. The main limitations of this survey are i) the total number of papers surveyed (59), ii) the focus on empirical studies, and iii) the specific geographical area considered.
Originality/value/contribution – Despite the critical role of FDI and trade in transitional economies, plenty of relevant topics have remained undiscovered (e.g., the relationship between outward FDI and profit shifting). To the best of our knowledge, no systematic survey has been done on these two areas of research.

Foreign direct investment and international trade across the former Soviet economies: What do we know after 30 years of research?

Department of Macroeconomics and International Trade Theory, Faculty of Economic Sciences

Journal of Economics and Management

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Aim/purpose – This paper surveys three decades of empirical literature on foreign direct investment (FDI) and international trade across the former Soviet...

Foreign direct investment and international trade across the former Soviet economies: What do we know after 30 years of research?

Published Online: Oct 06, 2023

Page range: 290 - 318

Received: May 03, 2023

Accepted: Sep 19, 2023

DOI: https://doi.org/10.22367/jem.2023.45.12

Keywords
Foreign direct investment, international trade

© 2023 Oleg Gurshev, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Foreign direct investment and international trade across the former Soviet economies: What do we know after 30 years of research?

Published Online: Oct 06, 2023

Page range: 290 - 318

Received: May 03, 2023

Accepted: Sep 19, 2023

DOI: https://doi.org/10.22367/jem.2023.45.12

KeywordsForeign direct investment, international trade

© 2023 Oleg Gurshev, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Keywords
Foreign direct investment, international trade