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oai:mountainscholar.org:10217/715422025-12-30T03:22:38Zcom_10217_100532com_10217_100000com_10217_100399com_10217_100303col_10217_100538col_10217_100400

Ardiyanto, Ferry, author Cutler, Harvey, advisor Braunstein, Elissa, committee member Vasudevan, Ramaa, committee member Koontz, Stephen, committee member 2007-01-03T08:26:16Z 2007-01-03T08:26:16Z 2012 Ardiyanto_colostate_0053A_11539.pdf ETDF2012500282ECON http://hdl.handle.net/10217/71542 https://doi.org/10.25675/3.018523 Corruption is the abuse of public authority and discretion for private gain. Corruption is perceived as detrimental to investment as it acts like a tax on investment by increasing the cost of doing business. However, the efficient grease hypothesis argues that corruption could increase investment as it acts as grease money that enables firms to avoid bureaucratic red tape and expedite the decision making process. This study attempts to build empirical models to investigate the relationship between foreign direct investment and corruption and identify the determinants of corruption itself. As tolerance towards corruption tends to vary from country to country, countries are disaggregated into developed economies and developing economies. Additionally, there are four regions within the developing economies group to take into account intrinsic differences in perceptions of and attitudes towards corruption, as well as cultural and geographical differences. The dissertation finds that corruption is deleterious for FDI inflows in developed countries, but is somewhat beneficial for attracting FDI inflows in developing economies. However, when developing countries are disaggregated into several regions, the effect of corruption on FDI inflows fades away. Furthermore, corruption can be caused by both economic and institutional factors. It is also confirmed that factors influencing corruption vary among developed countries, developing countries and within regions of developing countries. The importance of institutional factors makes it clear that the institutional framework is important for explaining corruption, no matter whether a country is a developed or developing one. born digital doctoral dissertations English eng Colorado State University. Libraries 2000-2019 Copyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright. corruption foreign direct investment developing developed Foreign direct investment and corruption Text Doctor of Philosophy (Ph.D.) Doctoral Economics Colorado State University This Item is protected by copyright and/or related rights (https://rightsstatements.org/vocab/InC/1.0/). You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). open.access