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The Impact of Corruption on a Country’s FDI Attractiveness: A Panel Data Analysis, 1984-2004

Jung-Yeop Woo
국제학연구소 (The Keimyung Institute for International Studies)|2010.12|Journal of International and Area Studies|제17권 제2호|pp. 71-91|DOI 10.23071/jias.2010.17.2.71

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키워드

CorruptionFDIEconomic growthLevel of democracy
주제분류정치외교학

초록

Some argue that foreign investors would not be attracted by countries where uncertainty, induced by arbitrariness in corruption, is pervasive. On the other hand, it is contended that MNEs have been seeking the investment opportunities where they can exploit rent benefits, so they would not mind paying a small price for the big gain. Consequentially, theory cannot provide us with the dominant framework to hypothesize the relationship between the corruption and the FDI attractiveness of host countries. Empirical results of this study suggest that corruption generally causes a harmful effect on attracting FDI.

Abstract

Some argue that foreign investors would not be attracted by countries where uncertainty, induced by arbitrariness in corruption, is pervasive. On the other hand, it is contended that MNEs have been seeking the investment opportunities where they can exploit rent benefits, so they would not mind paying a small price for the big gain. Consequentially, theory cannot provide us with the dominant framework to hypothesize the relationship between the corruption and the FDI attractiveness of host countries. Empirical results of this study suggest that corruption generally causes a harmful effect on attracting FDI.

참고문헌 (47)

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Effects of Corruption on FDI Inflow in Asian EconomiesALEMUAYEMENGISTU경제연구소 · Seoul Journal of Economics2012 · 제25권 제4호Does Foreign Direct Investment Increase Corruption in Host Countries?이승찬, 최성희한국경제통상학회 · 경제연구2011 · 제29권 제1호THE IMPACT OF BRIBERY ON FOREIGN DIRECT INVESTMENT: THE EVIDENCE FROM CHINA AND INDIARajib Sanyal, The College of New Jersey사람과세계경영학회 · Global Business and Finance Review2007 · 제12권 제2호Terrorism and FDI Flows:Cross- Country Dynamic Panel Estimation강성진, 이홍식한국계량경제학회 · 계량경제학보2007 · 제18권 제1호Country of Origin and Perceived Government Corruption in Host Countries김태중, 홍성진경영경제연구소 · 경영경제연구2021 · 제43권 제1호Relationship between Perceived Bribery and Economic Growth: An Empirical AnalysisRajib Sanyal, Subarna Samanta사람과세계경영학회 · Global Business and Finance Review2009 · 제14권 제2호

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