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International trade in consulting services

Author

Listed:
  • Aleksandr Nikolaevich Zakharov

    (Moscow State Institute of International Relations MFA Russia, Moscow, Russia)

  • Mariam Oganesovna Mirzoyan

    (Moscow State Institute of International Relations MFA Russia, Moscow, Russia)

Abstract

In the article, the authors consider the dynamics of global exports and imports of consulting services; assess the dependence of direct foreign investment growth on the increase in the rendering of consulting services, confirming it by the received correlation coefficient. Besides, the thesis about the high level of mutual specialization of the main exporters of consulting services is proved as the coefficient of rank correlation between exporters and importers of consulting services turned out to be relatively high. The authors underline two reasonable research directions: analyzing the possibilities of decision making on investment of capital means and researching the aspects of increasing the efficiency of the invested funds. The role of investment climate for decision making on investment is emphasized with the importance considering investment risks.

Suggested Citation

  • Aleksandr Nikolaevich Zakharov & Mariam Oganesovna Mirzoyan, 2018. "International trade in consulting services," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 7-16, January.
    • Handle: RePEc:alq:rufejo:rfej_2018_01_7-16
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