economies. We focus on the corruption distance between the home and host countries as a crucial part of institutional quality …. Our results confirm that FDI flows are higher when they come from countries with low differences in corruption with Turkey …. Conversely, FDI flows are negatively affected when there exists a large difference in corruption between the investing country …

resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher … production. Moreover, resource production leads to high levels of corruption. Our theoretical results are confirmed by … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …

resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the …

This paper estimates a dynamic foreign direct investment (FDI) gravity model to explore the impact of corruption in …, probably due to econometric inconsistencies and misuse of data. The more robust findings are that corruption has an …