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Effects of Corruption on FDI Inflow in Asian Economies

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Authors
Alemu, Aye Mengistu
Issue Date
2012-10
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.25 No.4, pp. 387-412
Keywords
CorruptionFDI inflowPanel dataREMFGLSEconomic growthOpennessHuman capital
Abstract
This study offers fresh insights on and investigates the effects of corruption on foreign direct investment (FDI) inflow from 1995 to 2009 in 16 Asian economies. The empirical result suggests that a 1 percent increase in corruption level triggers an approximately 9.1percentage point decrease in FDI inflow. Thus, some of the arguments that corruption does not keep FDI out of corrupt countries are either flawed or invalid. The results of this study suggest that some of the countries characterized by a high level of corruption but have remarkable FDI inflows could even double their inward FDIs if they manage to reduce the present pervasive level of corruption.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/79634
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.25 no.1~4 (2012)
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