Chih, Yao-Yu; Demir, Firat; Hu, Chenghao; Liu, Junyi; … - 2022
This paper examines local corruption’s direct and spillover effects on city-level foreign direct investment (FDI) flows in China. The empirical analysis is based on a new dataset on local corruption at various disaggregation levels. Using a convex combination structure in spatial econometrics,...