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

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

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 … (FDI). An increase in the corruption level from that of Singapore to that of Mexico is equivalent to raising the tax rate …

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 The measure of … uncertainty is constructed based on unpublished individual survey" responses on levels of corruption in host countries.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 …

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 …

This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption … display lower corruption in equilibrium. In data, naturally more open economies' do exhibit less corruption even after taking …

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 …