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Corruption And Foreign Direct Investment: A Panel Gravity Model Approach

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  • Sotirios Bellos
  • Turan Subasat

Abstract

type="main" xml:lang="en"> This paper investigates the relationship between corruption and foreign direct investment (FDI) in the case of 15 transition countries by using a panel gravity model approach and suggests that corruption does not deter FDI.

Suggested Citation

  • Sotirios Bellos & Turan Subasat, 2012. "Corruption And Foreign Direct Investment: A Panel Gravity Model Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 565-574, October.
    • Handle: RePEc:bla:buecrs:v:64:y:2012:i:4:p:565-574
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    File URL: http://hdl.handle.net/10.1111/j.1467-8586.2010.00370.x
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    References listed on IDEAS

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    1. Daniel Kaufmann & Shang-Jin Wei, 1999. "Does "Grease Money" Speed Up the Wheels of Commerce?," NBER Working Papers 7093, National Bureau of Economic Research, Inc.
    2. Laura Resmini, 2000. "The Determinants of Foreign Direct Investment in the CEECs: New evidence from sectoral patterns," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 665-689, November.
    3. Toke S. Aidt, 2003. "Economic analysis of corruption: a survey," Economic Journal, Royal Economic Society, vol. 113(491), pages 632-652, November.
    4. José Manuel Martins Caetano & António Caleiro, 2005. "Corruption and Foreign Direct Investment:What kind of relationship is there?," Economics Working Papers 18_2005, University of Évora, Department of Economics (Portugal).
    5. Selen Sarisoy Guerin, 2006. "The Role of Geography in Financial and Economic Integration: A Comparative Analysis of Foreign Direct Investment, Trade and Portfolio Investment Flows," The World Economy, Wiley Blackwell, vol. 29(2), pages 189-209, February.
    6. Sandholtz, Wayne & Gray, Mark M., 2003. "International Integration and National Corruption," International Organization, Cambridge University Press, vol. 57(4), pages 761-800, October.
    7. Bevan, Alan A. & Estrin, Saul, 2004. "The determinants of foreign direct investment into European transition economies," Journal of Comparative Economics, Elsevier, vol. 32(4), pages 775-787, December.
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