CORRUPTION AND FOREIGN DIRECT INVESTMENT. EVIDENCE FROM CENTRAL AND EASTERN EUROPEAN STATES

Mihaela Amarandei ()
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Mihaela Amarandei: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2013, vol. 5(3), issue 3, 311-322

Abstract: This paper examines the impact of corruption on foreign direct investment inflows for ten Central and Eastern European states. The paper attempts to answer the question: what is the role of corruption in attracting foreign direct investments? Using the data from UNCTAD for foreign direct investment and Corruption Perception Index from Transparency International, for a period of 12 years, 2000-2012, we evaluate the specific impact of corruptions on FDI using GDP as control variable. Our results confirm the majority of literature and show a negative significant relation between the variables analyzed, but at a lower intensity than expected.

Keywords: foreign direct investment; institutions; corruption Romania (search for similar items in EconPapers)
JEL-codes: D73 E02 F21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2013:v:5:i:3:p:311-322

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