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The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10010195528
stability, low corruption, and voice and accountability are keys. Finally, critical masses required for these three key …
Persistent link: https://www.econbiz.de/10012799903
FDI and various governance indicators (rule of law, control of corruption, regulatory quality, governance effectiveness …
Persistent link: https://www.econbiz.de/10012544875
Data from several investor surveys suggest that macroeconomic instability, investment restrictions, corruption and … markets promote FDI. However, lower inflation, good infrastructure, an educated population, openness to FDI, less corruption … corruption from the level of Nigeria to that of South Africa has the same positive effect on FDI as increasing the share of fuels …
Persistent link: https://www.econbiz.de/10014065100
FDI and various governance indicators (rule of law, control of corruption, regulatory quality, governance effectiveness …
Persistent link: https://www.econbiz.de/10013222522
The institutionalization of private property rights promotes economic development. Political corruption, it is widely … increasingly corrupt, yet broke world growth records. We resolve this paradox by highlighting the way systemic corruption can … principal-agent model to study the mechanism by which systemic corruption's impact on political risk affects individual …
Persistent link: https://www.econbiz.de/10012844262
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10013074899
This paper studies the effect of poor governance quality on foreign direct investment in Russia. Using a survey of businesses across forty administrative districts, we find that higher frequency of using illegal payments and higher pressure from regulatory agencies, enforcement authorities, and...
Persistent link: https://www.econbiz.de/10013054483
This study offers fresh insights on and investigates the effects of corruption on foreign direct investment (FDI …) inflow from 1995 to 2009 in 16 Asian economies. The empirical result suggests that a 1 percent increase in corruption level … triggers an approximately 9.1 percentage point decrease in FDI inflow. Thus, some of the arguments that corruption does not …
Persistent link: https://www.econbiz.de/10013097348
This study dissects with great acuteness some of the big questions on China-Africa relations in order to debunk burgeoning myths surrounding the nexus. It reviews a wealth of recent literature and presents the debate in three schools of thought. No substantial empirical evidence is found to...
Persistent link: https://www.econbiz.de/10011409965