Analysis of dynamic relationship between corruption and foreign direct investment

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21240%2F17%3A00314660" target="_blank" >RIV/68407700:21240/17:00314660 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61384399:31120/17:00050719 RIV/25940082:_____/17:N0000020

Výsledek na webu

<a href="http://car.aauni.edu/anticorruptionfraud-conference/" target="_blank" >http://car.aauni.edu/anticorruptionfraud-conference/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Analysis of dynamic relationship between corruption and foreign direct investment

Popis výsledku v původním jazyce

This text builds on our seminary work about the contra-intuitively weak relation between FDI and corruption. The mainstream economic thinking suggests improving transparency leads to increased FDI inflow. While economic environment without corruption is certainly value per-se, we find that given the nature of multinational corporations and FDI, it does not necessary translate to higher FDI. Multinational corporations depend on arbitrary political decisions of home as well as host governments to offset their extra costs from doing business in multiple socio-economic environments of various countries, thus somehow increased level of corruption might be an outcome of this relationship. Following our previous theoretical research as well as of others, mainly Dunning’s eclectic model, this paper verifies there is no significant dynamic relationship between corruption and foreign direct investment. We base our conclusions on the results of ordinary and generalized least squares dynamic panel models and generalized method of moments applied to data from Transparency International, the World Bank, and the International Monetary Fund for 154 countries and the years 1980–2015.

Název v anglickém jazyce

Analysis of dynamic relationship between corruption and foreign direct investment

Popis výsledku anglicky

This text builds on our seminary work about the contra-intuitively weak relation between FDI and corruption. The mainstream economic thinking suggests improving transparency leads to increased FDI inflow. While economic environment without corruption is certainly value per-se, we find that given the nature of multinational corporations and FDI, it does not necessary translate to higher FDI. Multinational corporations depend on arbitrary political decisions of home as well as host governments to offset their extra costs from doing business in multiple socio-economic environments of various countries, thus somehow increased level of corruption might be an outcome of this relationship. Following our previous theoretical research as well as of others, mainly Dunning’s eclectic model, this paper verifies there is no significant dynamic relationship between corruption and foreign direct investment. We base our conclusions on the results of ordinary and generalized least squares dynamic panel models and generalized method of moments applied to data from Transparency International, the World Bank, and the International Monetary Fund for 154 countries and the years 1980–2015.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

ANTIcorruption&fraud: DETECTION&MEASUREMENT

ISBN

978-80-906585-2-3

ISSN

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e-ISSN

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Počet stran výsledku

25

Strana od-do

40-64

Název nakladatele

Anglo-American University

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

7. 4. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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