{"title":"外国直接投资、腐败和体制改革","authors":"R. Salvador","doi":"10.2298/pan181214011e","DOIUrl":null,"url":null,"abstract":"Corruption impacts the competitive conditions among firms and the flow of foreign investment. Institutional reforms made for fighting against corruption are sometimes useless. We develop a model in which a corrupted government tries to set an optimal institutional level taking into account the cost of this policy on foreign investment, the benefit of a corrupted domestic firm and the benefit of local citizens. A political contribution is made by a corrupted lobby group in order to benefit from a lower institutional level. Our results suggest that the optimal institutional level depends on the degree of efficiency of firms and the level of corruption of the host government. Key words: Corruption, Lobbying, Institutional reforms, Foreign direct investment. JEL: F21, F30, K42","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":"1 1","pages":"11-11"},"PeriodicalIF":0.9000,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Foreign direct investment, corruption, and institutional reforms\",\"authors\":\"R. Salvador\",\"doi\":\"10.2298/pan181214011e\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Corruption impacts the competitive conditions among firms and the flow of foreign investment. Institutional reforms made for fighting against corruption are sometimes useless. We develop a model in which a corrupted government tries to set an optimal institutional level taking into account the cost of this policy on foreign investment, the benefit of a corrupted domestic firm and the benefit of local citizens. A political contribution is made by a corrupted lobby group in order to benefit from a lower institutional level. Our results suggest that the optimal institutional level depends on the degree of efficiency of firms and the level of corruption of the host government. Key words: Corruption, Lobbying, Institutional reforms, Foreign direct investment. JEL: F21, F30, K42\",\"PeriodicalId\":45222,\"journal\":{\"name\":\"Panoeconomicus\",\"volume\":\"1 1\",\"pages\":\"11-11\"},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2020-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Panoeconomicus\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.2298/pan181214011e\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Panoeconomicus","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.2298/pan181214011e","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Foreign direct investment, corruption, and institutional reforms
Corruption impacts the competitive conditions among firms and the flow of foreign investment. Institutional reforms made for fighting against corruption are sometimes useless. We develop a model in which a corrupted government tries to set an optimal institutional level taking into account the cost of this policy on foreign investment, the benefit of a corrupted domestic firm and the benefit of local citizens. A political contribution is made by a corrupted lobby group in order to benefit from a lower institutional level. Our results suggest that the optimal institutional level depends on the degree of efficiency of firms and the level of corruption of the host government. Key words: Corruption, Lobbying, Institutional reforms, Foreign direct investment. JEL: F21, F30, K42
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