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The Impact of Corruption on FDI: An Application of Efficient Grease Hypothesis to EU Countries

Author

Listed:
  • Elif Kardesler

    (Department of Economics, Izmir University of Economics)

  • Ý. Hakan Yetkiner

    () (Department of Economics, Izmir University of Economics)

Abstract

This paper empirically examines the impact of corruption on FDI in European Union countries, including candidate countries. Our aim is to verify whether Efficient Grease Hypothesis does hold in the case of the EU. Contrary to the Hypothesis, we find that corruption has a negative impact on FDI.

Suggested Citation

  • Elif Kardesler & Ý. Hakan Yetkiner, 2009. "The Impact of Corruption on FDI: An Application of Efficient Grease Hypothesis to EU Countries," Working Papers 0902, Izmir University of Economics.
  • Handle: RePEc:izm:wpaper:0902
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    File URL: http://eco.ieu.edu.tr/wp-content/wp0902.pdf
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    More about this item

    Keywords

    FDI; Corruption; Efficient Grease Hypothesis; OLS;

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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