Influence of Offshore Business on the Russian Economy
Influence of Offshore Business on the Russian Economy

Summary/Abstract: This article explores controversial opinions on the operation of offshore business, problems caused by redistribution of entrepreneurial resources, as well as the flight of capital from the national economy. The latter determined the authors’ interest in this economic phenomenon. Substantiating the relevance of the topic, the following should be considered. To develop market relations, to transform the structure of the ownership and to change the management system, it is necessary to devise and apply new methods and approaches to offshore business. This manuscript aims to identify the specifics of the business functioning in the offshore zone regarding the Russian economy. The methodology includes general scientific and special research methods, in particular, the correlation method. The authors applied system analysis to ensure the integrity of the study. Theoretical, comparative and statistical analyses are the main methods used in the article. The authors built an econometric model and proved the influence of offshore business on the Russian economy. The relevance, theoretical and practical significance are determined by its focus on solving an important scientific and practical problem that has empirical significance for offshore business in the framework of the national investment regime which uses limited investments and aims to optimise their sources.

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