corruption, unstable economic policies, weak and poorly enforced property rights, and inefficient government institutions. Our …

resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher … production. Moreover, resource production leads to high levels of corruption. Our theoretical results are confirmed by … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …

corruption-friendly setting caused by a weak institutional framework. We argue that corrupt elites exploit this given … corruption. …

) labour, environmental, human rights and anti-corruption considerations are referred to in investment treaties and investor …

Large-scale land acquisitions often take place in developing countries which are also known for their corruption …-friendliness caused by weak institutional frameworks. We hypothesize that corruption indeed leads to more land deals. We argue that … corrupt elites exploit poor institutional setups (characterized by corruption) to strike deals with domestic and international …

, corruption of public officers, inefficiency of the labour judicial system). Provinces with better access to neighbouring … subjects, fewer corruption episodes and lower presence of organized crime should also be associated with higher flows of FDIs … projects, implying the investment of higher volumes of money. Similarly, higher levels of corruption are associated with larger …

resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the … inability of citizens to cooperate and form effective lobbies. Preliminary calculations using data from the World Bank show that …