Brada, Josef C.; Drabek, Zdenek; Perez, M. Fabricio - 2023
We analyse the effect of corruption on FDI. Using FDI outflows from a sample of East European transition economies that had virtually no outward FDI before 1995, we observe FDI flows based mainly on current investment decisions and less on the inertia of past investments. Our model separates the...