threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …

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 …

agents have a comparative advantage over foreign agents in overcoming some of the obstacles associated with corruption and …

associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with costly ex …