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

Author

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  • Adrian Blundell-Wignall
  • Caroline Roulet

Abstract

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.

Suggested Citation

  • Adrian Blundell-Wignall & Caroline Roulet, 2017. "Foreign direct investment, corruption and the OECD Anti-Bribery Convention," OECD Working Papers on International Investment 2017/1, OECD Publishing.
    • Handle: RePEc:oec:dafaaa:2017/1-en
    DOI: 10.1787/9cb3690c-en
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    Citations

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    Cited by:

    1. Tobias Zander, 2020. "Does corruption matter for FDI flows in the OECD? A gravity analysis," EIIW Discussion paper disbei280, Universitätsbibliothek Wuppertal, University Library.
    2. Konstantinos Dellis, 2018. "Financial development and FDI flows: evidence from advanced economies," Working Papers 254, Bank of Greece.
    3. Fernando Mistura & Caroline Roulet, 2019. "The determinants of Foreign Direct Investment: Do statutory restrictions matter?," OECD Working Papers on International Investment 2019/01, OECD Publishing.
    4. Tobias Zander, 2021. "Does corruption matter for FDI flows in the OECD? A gravity analysis," International Economics and Economic Policy, Springer, vol. 18(2), pages 347-377, May.
    5. Omodero Cordelia Onyinyechi, 2019. "Effect of Corruption on Foreign Direct Investment Inflows in Nigeria," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(2), pages 54-66, June.
    6. Rauter, Thomas, 2019. "Disclosure Regulation, Corruption, and Investment: Evidence from Natural Resource Extraction," Working Papers 286, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

    More about this item

    Keywords

    corrumption; foreign direct investment; institutions; law;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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