Showing 1 - 10 of 4,464
This paper investigates the importance of institutions as a determinant of growth and foreign direct investment (FDI) in 25 transition countries for 1990-1998. It introduces some novel institutional measures, performs extensive sensitivity tests, and checks for reverse causation. Estimation...
Persistent link: https://www.econbiz.de/10013080423
This paper empirically examines the impact of corruption on FDI in European Union countries, including candidate …, we find that corruption has a negative impact on FDI. -- FDI ; Corruption ; Efficient Grease Hypothesis ; OLS …
Persistent link: https://www.econbiz.de/10003834233
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
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 …
Persistent link: https://www.econbiz.de/10011299247
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 …
Persistent link: https://www.econbiz.de/10010370904
resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the …
Persistent link: https://www.econbiz.de/10011904484
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
corruption. Adverse interactions between politics, business and law enforcement generate obstacles for the rule of law and remain …
Persistent link: https://www.econbiz.de/10011392847
This paper analyzes the causes of corruption in contemporary Bolivia. It argues that, along with the well …-documented observation that richer countries tend, on average, to be less corrupt than poorer ones, corruption is directly dependent on FDI … inflows, with higher levels of FDI associated with lower levels of corruption and vice versa. Additionally, the findings …
Persistent link: https://www.econbiz.de/10010385237
after controlling for other determinants of FDI location?Our results show that the corruption level in the host country has … an adverse effect on FDI inflows: a one-point increase in the corruption level leads to a reduction in per capita FDI … institutions, the negative effects of corruption disappear and sometimes it becomes positive but statistically insignificant …
Persistent link: https://www.econbiz.de/10013082041