Wijeweera, Albert; Dollery, Brian - In: International Journal of Trade and Global Markets 2 (2009) 2, pp. 168-178
This paper investigates the effects of corruption on Foreign Direct Investment (FDI) inflows controlling other relevant determinants using a panel data approach for 45 countries over 1997-2004. Whereas economic theory suggests that corruption should discourage FDI, many notably corrupt countries...