The effect of corruption on FDI: A parametric and non-parametric analysis

被引：98

作者：

Barassi, Marco R. ^{[1
]}

Zhou, Ying ^{[1
,2
]}

机构：

[1] Univ Birmingham, Dept Econ, Birmingham, W Midlands, England

[2] Aston Univ, Aston Business Sch, Econ & Strategy Grp, Birmingham B4 7ET, W Midlands, England

来源：

EUROPEAN JOURNAL OF POLITICAL ECONOMY | 2012年 / 28卷 / 03期

关键词：

Corruption; FDI; Parametric; Non parametric; MNEs' location choice; INVESTMENT; BIAS;

D O I：

10.1016/j.ejpoleco.2012.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses the effect of corruption on Multinational Enterprises' (MNEs) incentives to undertake FDI in a particular country. We contribute to the existing literature by modelling the relationship between corruption and FDI using both parametric and non-parametric methods. We report that the impact of corruption on FDI stock is different for the different quantiles of the FDI stock distribution. This is a characteristic that could not be captured in previous studies which used only parametric methods. After controlling for the location selection process of MNEs and other host country characteristics, the result from both parametric and non-parametric analyses offer some support for the 'helping-hand' role of corruption. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：302 / 312

页数：11

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