FOREIGN INVESTMENT AND CORRUPTION: ARE THEY REALLY RELATED?

Ilya Bystrov
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Ilya Bystrov: University of Buraimi (UoB), Sultanate of Oman

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2013, vol. 1/2013, 13-21

Abstract: The article studies dependence between the level of corruption and volume of direct foreign investment a country can enjoy. Upon testing several hypothesis (the basic - there is a correlation between the level of corruption and volume of direct foreign investments in the same year; and additional assumptions - there is a time lag between the level of corruption and volume of investment and direct foreign investment can "predict" the level of corruption in several years) the meaningful relation between the level of corruption and volume of direct foreign investment has not been revealed.

Keywords: International investment; corruption (search for similar items in EconPapers)
JEL-codes: D73 F21 (search for similar items in EconPapers)
Date: 2013
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