The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21240%2F14%3A00314667" target="_blank" >RIV/68407700:21240/14:00314667 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31120/14:00045284
Result on the web
<a href="https://www.vse.cz/pep/494" target="_blank" >https://www.vse.cz/pep/494</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.pep.494" target="_blank" >10.18267/j.pep.494</a>
Alternative languages
Result language
angličtina
Original language name
The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study
Original language description
Foreign direct investment has become an important factor of development of economies in the last decades. However, its economic nature as well as its relationship with corruption has not yet been clarified in economic literature. Following previous theoretical research, mainly Dunning’s eclectic model, this paper evaluates the econometric relationship between corruption and foreign direct investment by testing three theoretically-based hypo theses: that corruption perception indicator is a stationary variable, that the relationship between corruption and foreign direct investment stock is statistically weak and that changes in foreign direct investment stock do not Granger cause changes in corruption. The verification is based on unit root tests, panel co-integration and Granger causality models performed on data from the Transparency International, the World Bank and the Heritage Foundation and the UN Conference on Trade and Development (UNCTAD) for 94 countries for the years 1998–2007. The results show that there is no significant relationship between the two variables.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
2336-730X
Volume of the periodical
23
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
19
Pages from-to
474-492
UT code for WoS article
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EID of the result in the Scopus database
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