The Effect of Home-country and Host-country Corruption on Foreign Direct Investment

被引：52

作者：

Brada, Josef C. ^{[2
]}

Drabek, Zdenek ^{[3
]}

Perez, M. Fabricio ^{[1
]}

机构：

[1] Wilfrid Laurier Univ, Sch Business & Econ, Waterloo, ON N2L 3C5, Canada

[2] Arizona State Univ, WP Carey Sch Business, Tempe, AZ 85287 USA

[3] World Trade Org, CH-1211 Geneva 21, Switzerland

来源：

REVIEW OF DEVELOPMENT ECONOMICS | 2012年 / 16卷 / 04期

关键词：

POLITICAL STRATEGY; FDI; INSTITUTIONS; LOCATION; TRADE; MODEL; PANEL;

D O I：

10.1111/rode.12009

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

The effect of corruption on FDI is analysed. Using FDI outflows from a sample of East European transition economies that had virtually no outward FDI before 1995, FDI flows are observed based mainly on current investment decisions and less on the inertia of past investments. The model separates the effects of corruption on FDI location decisions and on the amount invested. A linear and negative relationship is found between host-country corruption and the likelihood of MNCs locating in that country. The relationship between home-country corruption and FDI is non-monotonic, with an inverse U shape where both high and low levels of corruption in the home country reducing the probability of outward FDI flows. If FDI is undertaken to a host country, the volume of FDI is affected by home-country but not by host-country corruption.

引用

页码：640 / 663

页数：24

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