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Title: Corruption and foreign direct investment : A cross-country study
Keywords: Foreign Direct Investment, Corruption, Bribery, Theoretical Model, Developed countries, Developing countries
Issue Date: 19-May-2004
Source: ARATHI JAYARAM (2004-05-19). Corruption and foreign direct investment : A cross-country study. ScholarBank@NUS Repository.
Abstract: The thesis contributes to the existing literature on corruption by examining the theoretical as well as empirical relationship of corruption with foreign direct investment (FDI). Our theoretical results suggest that in the presence of a corrupt regulator in the host country, bribery can facilitate FDI within the region. However, it is uncertain if this level of investment is greater than the investment made in the absence of corruption. The empirical results provide support for the results of the theoretical model. For the full sample of countries and developed countries, we find that corruption has no statistically significant impact on FDI. In developed countries, the interaction between corruption and GDP growth is found to have a strongly positive and statistically significant influence on FDI. In the case of developing countries, corruption has a negative, and marginally significant impact on FDI.
Appears in Collections:Master's Theses (Open)

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