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Economic growth, foreign direct investment and corruption in developed and developing countries

Economic growth, foreign direct investment and corruption in developed and developing countries Purpose – The purpose of this paper is to examine the relationship between economic growth, foreign direct investment (FDI) and corruption. Design/methodology/approach – Data for 42 developing countries and 28 developed countries is analyzed using panel dynamic ordinary least squares. Findings – FDI has a significant influence on economic growth in both the short run and the long run for developing and developed countries. In the cases of the developing economies, lower levels of corruption enhance the impact that FDI has on economic growth. Originality/value – The study links corruption to the impact of FDI on economic growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Economic growth, foreign direct investment and corruption in developed and developing countries

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Publisher
Emerald Publishing
Copyright
Copyright © 2012 Emerald Group Publishing Limited. All rights reserved.
ISSN
0144-3585
DOI
10.1108/01443581211274593
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to examine the relationship between economic growth, foreign direct investment (FDI) and corruption. Design/methodology/approach – Data for 42 developing countries and 28 developed countries is analyzed using panel dynamic ordinary least squares. Findings – FDI has a significant influence on economic growth in both the short run and the long run for developing and developed countries. In the cases of the developing economies, lower levels of corruption enhance the impact that FDI has on economic growth. Originality/value – The study links corruption to the impact of FDI on economic growth.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Oct 26, 2012

Keywords: Panel co‐integration; Foreign direct investment; Corruption; Economic growth

References