The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31120/14:00045284

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Prague Economic Papers

ISSN

1210-0455

e-ISSN

2336-730X

Svazek periodika

23

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

19

Strana od-do

474-492

Kód UT WoS článku

—

EID výsledku v databázi Scopus

—