Do Countries with Similar Levels of Corruption Compete to Attract Foreign Investment? Evidence Using World Panel Data
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Título
Do Countries with Similar Levels of Corruption Compete to Attract Foreign Investment? Evidence Using World Panel DataAutoría
Fecha de publicación
2020Editor
MDPIISSN
2071-1050Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.mdpi.com/2071-1050/12/15/6194Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
This paper examines whether foreign direct investment in one country helps to increase foreign investment in other countries with a similar degree of corruption. Our estimates are based on an unbalanced annual panel ... [+]
This paper examines whether foreign direct investment in one country helps to increase foreign investment in other countries with a similar degree of corruption. Our estimates are based on an unbalanced annual panel of 164 countries over the 2005–2015 period. Using spatial econometric techniques, our main findings reveal that foreign investment in one recipient country is complementary to that in countries with similar levels of corruption. Furthermore, our results point to the existence of different circuits of foreign direct capital among countries that are determined by corruption similarity. These results suggest important policy implications for countries aiming to attract foreign investment. [-]
Proyecto de investigación
Luisa Alamá-Sabater acknowledges the financial support of the Spanish Ministerio de Economía y Competitividad (ECO2017-85746-P). Miguel A. Marquez acknowledges the financial support of the Spanish Ministerio de Ciencia e Innovación (Ref. PID2019-109687GB-100).Derechos de acceso
info:eu-repo/semantics/openAccess
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