Foreign Direct Investment and Economic Growth in EP and IS Countries: The Role of Corruption
Foreign Direct Investment and Economic Growth in EP and IS Countries: The Role of Corruption
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欧洲和伊斯兰国国家的外国直接投资和经济增长：腐败的作用
DOI：
10.1111/j.1467-9701.2007.01055.x
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发表时间：
2007
期刊：
影响因子：
--
通讯作者：
Y. Khamfula
中科院分区：
文献类型：
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作者：
Y. Khamfula
腐败被理解为一种利用公职权力谋取个人利益的行为，这种行为违反了社会治理结构所确立的规则。本研究试图对Balasubramanyam et al.（1996）采用的实证模型进行扩展，分析在考虑腐败程度的新增长理论框架下，FDI如何决定经济增长。因此，本研究旨在考察腐败如何影响贸易战略不同的发展中国家（IS和EP）的经济增长。这表明，通过考虑腐败如何与影响经济增长的贸易政策相互作用，可以获得进一步的见解。这是使用固定效应，同时方程模型对17个国家在1994-2004年期间进行检验。结果表明，腐败程度对IS和EP国家的外国直接投资都产生了强烈的负面影响。然而，当腐败指数与国内投资相互作用时，仅对is国家对外国直接投资的影响为正且显著。该研究最有趣的结果是外国直接投资与腐败感知指数之间的相互作用项对经济增长的影响，发现EP国家的影响程度大于is国家。版权所有2007作者期刊汇编布莱克威尔出版有限公司2007。
Corruption is understood as an act in which the power of public office is used for personal gain in a manner that contravenes the rules established by the governing structures of a society. This study attempts to offer an extension to the empirical model employed by Balasubramanyam et al. (1996 ) by analysing how FDI determines economic growth within the new growth theory framework when the degree of corruption is considered. Thus, the study seeks to examine the way in which corruption can have an impact on the economic growth of developing countries whose trade strategies differ (either IS and EP). It suggests that further insight can be gained by considering how corruption might interact with the trade policy in affecting economic growth. This is examined using a fixed-effects, simultaneous equation model for 17 countries over the period 1994-2004. The results show that the level of corruption strongly and negatively influences foreign direct investment in both IS and EP countries. However, when the corruption index is interacted with domestic investment, the influence on foreign direct investment is positive and significant for IS countries only. The most interesting outcome of the study is the effect of the interaction term between foreign direct investment and the corruption perception index on economic growth, which is found to be greater in magnitude for the EP countries than for the IS countries. Copyright 2007 The Author Journal compilation Blackwell Publishing Ltd. 2007 .