Kolstad, Ivar; Wiig, Arne - In: Economics of Governance 14 (2013) 4, pp. 369-383
Does corruption attract or deter foreign investment in the extractive sectors? This article presents an econometric analysis of extractive industry foreign direct investment (FDI) inflows to 81 countries in the period 1996–2009. The results suggest that increased corruption within a country is...