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Institutional efficiency, monitoring costs, and the investment share of FDI

Aizenman, Joshua; Spiegel, Mark - 2002

Persistent link: https://www.econbiz.de/10001713141

Institutional efficiency, monitoring costs, and the investment share of FDI

Aizenman, Joshua (contributor); Spiegel, Mark (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001763943

Institutional efficiency monitoring costs, and the investment share of FDI

Aizenman, Joshua; Spiegel, Mark - In: Review of international economics 14 (2006) 4, pp. 683-697

Persistent link: https://www.econbiz.de/10003363713

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

obstacles associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with … economic corruption as an indicator of the strength of property right enforcement within a given country. We compare corruption … levels for a large cross section of countries in 1989 to subsequent FDI flows from 1990 to 1999. We find that corruption is …

Persistent link: https://www.econbiz.de/10012469382