文章基本信息

标题：Foreign direct investment, corruption, and institutional reforms
本地全文：下载
作者：Espinosa-Ramirez Rafael Salvador
期刊名称：Panoeconomicus
印刷版ISSN：1452-595X
出版年度：2022
卷号：69
期号：1
页码：17-34
DOI：10.2298/PAN181214011E
语种：English
出版社：Savez ekonomista Vojvodine
摘要：Corruption impacts the competitive conditions among firms and the flow of foreign investment. Institutional reforms made for fighting against corruption are sometimes useless. We develop a model in which a corrupted government tries to set an optimal institutional level taking into account the cost of this policy on foreign investment, the benefit of a corrupted domestic firm and the benefit of local citizens. A political contribution is made by a corrupted lobby group in order to benefit from a lower institutional level. Our results suggest that the optimal institutional level depends on the degree of efficiency of firms and the level of corruption of the host government.