CORRUPTION AND FOREIGN DIRECT INVESTMENT: A PANEL GRAVITY MODEL APPROACH

Authors


Turan Subasat, University of Bath, Bath, BA2 7AY, UK; Emails: t.subasat@bath.ac.uk and turan.subasat@ieu.edu.tr.

ABSTRACT

This paper investigates the relationship between corruption and foreign direct investment (FDI) in the case of 15 transition countries by using a panel gravity model approach and suggests that corruption does not deter FDI.

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