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Does corruption matter for sources of foreign direct investment?
Review of World Economics ( IF 1.681 ) Pub Date : 2019-06-08 , DOI: 10.1007/s10290-019-00354-1
Adiya Belgibayeva , Alexander Plekhanov

The paper provides a cross-country empirical analysis of the impact of corruption on foreign direct investment flows. The gravity model augmented with joint effects of corruption in the origin and destination countries determines differentiated patterns of investment flows between countries with various levels of control of corruption. The estimates point towards greater investment flows between countries with good control of corruption. Moreover, if control of corruption in the destination country improves, investment flows from cleaner countries rise more strongly than those from countries with a higher incidence of corruption. The resulting shift towards a greater share of investment from low-corruption countries may further reinforce the strengthening of economic and political institutions that keep corruption in check.

中文翻译:

腐败对外国直接投资的来源重要吗?

本文提供了腐败对外国直接投资流量影响的跨国实证分析。引力模型加上来源国和目的地国腐败的共同影响,决定了具有不同腐败控制水平的国家之间投资流的差异模式。估计数表明,对腐败有良好控制的国家之间的投资流量将增加。此外,如果目的地国对腐败的控制得到改善,清洁国家的投资流量将比腐败发生率较高的国家的投资流量增加得更多。随之而来的低廉国家向更大份额的投资转移可能会进一步加强加强控制腐败的经济和政治机构。
更新日期:2019-06-08
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