Corruption affects the composition of capital inflows in a way that may raise the likelihood of a currency crisis …

June 2000 - The extent of corruption in a host country affects a foreign direct investor's choice of investing through … a joint venture or through a wholly owned subsidiary. Corruption reduces inward foreign investment and shifts the … ownership structure toward joint ventures. Smarzynska and Wei study the impact of corruption in a host country on foreign …

Is it true that fighting corruption can improve economic efficiency and that fighting bribery can be productive? Not …

October 1999 - Other things being equal, countries with higher tax rates, more corruption, or more restrictions on … bureaucratic corruption adds to those burdens rather than reducing them. In a sample of 14 source countries making bilateral … investments in 45 host countries, Wei finds that taxes, capital controls, and corruption all have large, statistically significant …

This paper studies the joint impact of corruption on the entry mode and volume of inward foreign direct investment (FDI …) using a unique firm-level data set. We find that corruption not only reduces inward FDI, but also shifts the ownership … structure towards joint ventures. The latter finding supports the view that corruption increases the value of using a local …

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 …

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