Are natural resources a source of conflict or stability? Empirical studies demonstrate that rents from natural … resources, and in particular oil, are an important source of civil war. Allegedly, resource rents attract rent-seekers, which … handing out special favors. The present paper attempts to bridge the gap between the rent-seeking view of resource rents as a …

This paper analyses the effect of corruption on Multinational Enterprises' (MNEs) incentives to undertake FDI in a … particular country. We contribute to the existing literature by modelling the relationship between corruption and FDI using both … parametric and non-parametric methods. We report that the impact of corruption on FDI stock is different for the different …

We investigate the relationship between economic freedom and corruption using data from U.S. states covering almost a …-country corruption indices assembled by various investment risk services, we use a more objective measure of corruption: the number of … government officials convicted in a state for crimes related to corruption. Second, unlike previous studies, we exploit both time …

We examine the effects of subnational variations in corruption and democratization on the location decisions of foreign … corruption and type of political regime in the country of origin of a foreign investor. We find a relationship between attributes … inference is that, in Russian regions with high corruption and with autocratic government, foreign direct investment appears …

We study experimentally whether anti-corruption policies with a focus on bribery might be insufficient to uncover more … between a decision-maker and a lobbying party serves as a legal substitute for corruption. We find that even the pure …

In this paper we theoretically analyse effects of corruption in public procurements within a scoring-auction framework … politician selects the scoring rule. The paper shows that such corruption always leads to lower quality and lower price. Given a … level of corruption, a higher bargaining power of the politician in extracting bribes does not affect the quality but leads …