This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption … open economy' as determined by its size and geography would devote more resources to building good institutions and would … display lower corruption in equilibrium. In data, naturally more open economies' do exhibit less corruption even after taking …

literature: corruption may affect a country's composition of capital inflows in a way that makes it more likely to experience a …

nor Japanese investors treat corruption in East Asia any differently from that in other parts of the world. There are …This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from … the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment …

reduce the effective red tape it faces. The efficient grease' hypothesis asserts therefore that corruption can improve …

This paper examines the role of corruption in the design of monetary policies for developing countries and obtains … corruption. Second, the optimal degree of conservatism for a Rogoff (1985)-type central banker is an inverse function of the … corruption level. Third, either an optimally-designed inflation target or an optimal conservative central banker is preferableto …

possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … explicitly into account corruption level in host countries and using a firm-level data set on investment projects in 24 …

This paper studies the impact of corruption in a host country on foreign investor's preference for a joint venture … versus a wholly-owned subsidiary. There is a basic trade-off in using local partners. On the one hand, corruption makes local … hand, corruption decreases the effective protection of investor's intangible assets and lowers the probability that …

This paper examines the effect of corruption-induced uncertainty on foreign direct" investment. The measure of … uncertainty is constructed based on unpublished individual survey" responses on levels of corruption in host countries. The result … level from that of" Singapore to that of Mexico, at the average level of corruption in the sample raising the tax rate on …