Is corruption good or bad for FDI? Empirical evidence from Asia, Africa and Latin America | Zendy

Abdul Jalil | Zendy; Amina Qureshi | Zendy; Mete Feridun | Zendy

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Is corruption good or bad for FDI? Empirical evidence from Asia, Africa and Latin America

Author(s) -

Abdul Jalil,

Amina Qureshi,

Mete Feridun

Publication year - 2016

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan1603259j

Subject(s) - latin americans , cointegration , foreign direct investment , estimator , economics , language change , panel data , econometrics , monetary economics , panel analysis , development economics , macroeconomics , international economics , statistics , political science , mathematics , art , literature , law

This article revisits the relationship between corruption and Foreign Direct Investment inflows in a panel of 42 countries from 1984 to 2012 using pooled mean group estimator in a dynamic heterogeneous panel setting using Westerlund and ARDL panel cointegration tests where the estimations are carried out by three different estimators: the pooled mean group (PMG), mean group (MG), and the dynamic fixed effect (DFE) estimators in order to examine both the long- and short-term effects of corruption on FDI inflows. The results suggest that corruption has a positive impact on FDI inflows in the case of Asia and Africa; and a negative impact in the case of Latin America

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