Foreign direct investment, corruption and the OECD Anti-Bribery Convention

Adrian Blundell-Wignall ; Caroline Roulet

Organisation for Economic Co-operation and Development

关键词: corrumption;    institutions;    law;    foreign direct investment;   

DOI  :  https://doi.org/10.1787/9cb3690c-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper estimates a dynamic foreign direct investment (FDI) gravity model to explore the impact of corruption in general and the OECD Anti-Bribery Convention in particular. The evidence from previous studies in both domains is mixed, probably due to econometric inconsistencies and misuse of data. The more robust findings are that corruption has an insignificant or even positive effect on FDI in the general population. However, adherence to the OECD Anti-Bribery Convention has a clear negative impact on FDI—countries that adhere reduce investments in corrupt destinations.