文章基本信息

标题：Do Countries with Similar Levels of Corruption Compete to Attract Foreign Investment? Evidence Using World Panel Data
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作者：Luisa Alamá-Sabater ; Teresa Fernández-Núñez ; Miguel Ángel Márquez 等
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2020
卷号：12
期号：15
页码：6194
DOI：10.3390/su12156194
语种：English
出版社：MDPI, Open Access Journal
摘要：This paper examines whether foreign direct investment in one country helps to increase foreign investment in other countries with a similar degree of corruption. Our estimates are based on an unbalanced annual panel of 164 countries over the 2005–2015 period. Using spatial econometric techniques, our main findings reveal that foreign investment in one recipient country is complementary to that in countries with similar levels of corruption. Furthermore, our results point to the existence of different circuits of foreign direct capital among countries that are determined by corruption similarity. These results suggest important policy implications for countries aiming to attract foreign investment.