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| Author: | Wei, S. |
| Title: | How taxing is corruption on international investors? |
| Journal: | Review of Economics and Statistics
2000 : FEB, VOL. 82:1, p. 1-11 |
| Index terms: | ECONOMICS CORRUPTION INVESTORS |
| Language: | eng |
| Abstract: | This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from twelve source countries to 45 host countries. There are two central findings. First, a rise in either tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment (FDI). In a benchmark estimation, an increase in the corruption level from that of Singapore to that of Mexico would have the same negative effect on inward FDI as raising the tax rate by fifty percentage points. |
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