The Impact of Corruption on FDI: An Application of Efficient Grease Hypothesis to EU Countries

Elif Kardesler and Ibrahim Yetkiner ()
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Elif Kardesler: Department of Economics, Izmir University of Economics

No 902, Working Papers from Izmir University of Economics

Abstract: This paper empirically examines the impact of corruption on FDI in European Union countries, including candidate countries. Our aim is to verify whether Efficient Grease Hypothesis does hold in the case of the EU. Contrary to the Hypothesis, we find that corruption has a negative impact on FDI.

Keywords: FDI; Corruption; Efficient Grease Hypothesis; OLS (search for similar items in EconPapers)
JEL-codes: C31 D73 F21 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2009-01
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:izm:wpaper:0902

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