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 …

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 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 …

obstacles associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with … economic corruption as an indicator of the strength of property right enforcement within a given country. We compare corruption … levels for a large cross section of countries in 1989 to subsequent FDI flows from 1990 to 1999. We find that corruption is …

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 …

openness of the economy to international trade, the efficiency of the tax system (which in turn may be affected by political … economy considerations), and on political polarization and the degree of opportunism. Similar predictions are obtained in a … reduces financial openness by 3.5%, and a one standard deviation increase in corruption is associated with a 3% reduction of …

three-sector open economy model and estimate key structural parameters country by country. We find that at the country level …

, a pegging economy might be better off with a closed than with an open capital account. Second, the welfare gain from …