Language:
English
Pages:
1 Online-Ressource (circa 32 Seiten)
,
Illustrationen
Series Statement:
OECD working papers on international investment 2017, 01
Series Statement:
OECD working papers on international investment
Keywords:
corrumption
;
institutions
;
law
;
foreign direct investment
;
Finance and Investment
;
Arbeitspapier
;
Graue Literatur
Abstract:
This paper estimates a dynamic foreign direct investment (FDI) gravity model to explore the impact of corruption in general and the OECD Anti-Bribery Convention in particular. The evidence from previous studies in both domains is mixed, probably due to econometric inconsistencies and misuse of data. The more robust findings are that corruption has an insignificant or even positive effect on FDI in the general population. However, adherence to the OECD Anti-Bribery Convention has a clear negative impact on FDI—countries that adhere reduce investments in corrupt destinations.
Permalink
