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Corruption and Foreign Direct Investment Attractiveness in Asia

Bibliographic Data

ID6041093
AuthorsJung‐yeop Woo (University of Wisconsin–Milwaukee, corresponding author), Uk Heo (0000-0001-7416-6175, University of Wisconsin–Milwaukee)
Year2009
Volume1
Issue2
Pages223-238
Publication date2009-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAsian Politics & Policy (JOURNAL)
Journal identifiersISSN: 1943-0787 • E-ISSN: 1943-0779
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1943-0787.2009.01113.x
OpenAlexW2074573066
LanguageEN
Citations received4
References cited38

There have been debates on how political corruption may affect foreign direct investment (FDI) attractiveness. Some scholars argue that corruption increases economic uncertainty due to arbitrariness and thereby affects FDI negatively. On the other hand, another group of scholars contends that corruption leads to greater FDI because it can create a business environment that is more friendly to foreign investors. In this article, we empirically test the relationship between the level of corruption and FDI attractiveness in eight non‐OECD (Organisation for Economic Co‐operation and Development) Asian countries (Bangladesh, India, Indonesia, Malaysia, Pakistan, Philippines, Sri Lanka, and Thailand) using data for the perceived corruption level (according to the International Country Risk Guide data set) available from Political Risk Services, a private international investment risk service company, for 1984–2004. The analysis reveals that corruption in non‐OECD countries in Asia generally harms FDI attractiveness

Attractiveness · Business · Development economics · Economics · Foreign direct investment · International economics · Language change · Macroeconomics · Political risk · Political science · Politics · Corruption and Economic Development · Economic Growth and Development · International Business and FDI

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Unique citing works4
Citations per year0,27
Citation span2011 - 2026 (16)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 4

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