Tolerable level of corruption for foreign direct investment in Europe and Asia

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dc.contributor.author Abotsi., A.K
dc.date.accessioned 2019-11-27T15:56:02Z
dc.date.available 2019-11-27T15:56:02Z
dc.date.issued 2018
dc.identifier.other 10.5709/ce.1897-9254.277
dc.identifier.uri http://ir.uew.edu.gh/xmlui/handle/123456789/314
dc.description Published in Contemporary Economics en_US
dc.description.abstract In 2009, Foreign Direct Investment (FDI) flows to developed countries experienced the largest decline among all regions and sub-regions. However, South, East and Southeast Asia showed the smallest decline among developing economies and remained the largest recipient of FDI inflows. Meanwhile, approximately 68% of the countries in Asia scored less than the tolerable level of corruption for investment (TLCI) in Africa (-0.27) over recent years. Moreover, corruption has been observed to be significant in virtually all Asian countries, but, despite this, the region remains the number one global investment destination. This study, therefore, estimates the TLCI in Asia and Europe to enable comparison across these regions. Secondary data from the World Development Indicators were used in this study. The frequency of the data is annual, and it is available from 1996 to 2013. The dynamic panel data estimation technique was deployed while controlling for other variables. The estimated TLCIs for Europe and Asia are 0.534 and -0.735, respectively, on the control of corruption scale, which ranges from approximately -2.5 (weak) to 2.5 (strong). Despite the lower TLCI in Asia, the region is still able to attract relatively more FDI inflow than Africa. This scenario may be attributed to the presence of sound policy factors that drive FDI inflows. Another reason may be due to the nature, scope, social role and the perception of corruption across these regions. en_US
dc.language.iso en en_US
dc.publisher University of Finance and Management in Warsaw en_US
dc.subject Corruption en_US
dc.subject Foreign direct investment en_US
dc.subject Institutions en_US
dc.title Tolerable level of corruption for foreign direct investment in Europe and Asia en_US
dc.type Article en_US

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