Birds of a feather: Evidence on commonality of corruption and democracy in the origin and location of foreign investment in Russian regions

European Journal of Political Economy - Tập 32 - Trang 1-25 - 2013
Svetlana Ledyaeva1, Päivi Karhunen1, Riitta Kosonen1
1Aalto University School of Business, Centre for Markets in Transition, P.O. Box 21210, FI-00076 Aalto, Finland

Tài liệu tham khảo

Aidt, 2003, Economic analysis of corruption: a survey, The Economic Journal, 113, 632, 10.1046/j.0013-0133.2003.00171.x Aleksynska, 2013, FDI from the south: the role of institutional distance and natural resources, European Journal of Political Economy, 29, 38, 10.1016/j.ejpoleco.2012.09.001 Asiedu, 2011, Democracy, foreign direct investment and natural resources, Journal of International Economics, 84, 99, 10.1016/j.jinteco.2010.12.001 Barassi, 2012, The effect of corruption on FDI: a parametric and non-parametric analysis, European Journal of Political Economy, 28, 302, 10.1016/j.ejpoleco.2012.01.001 Basile, 2004, Acquisition versus greenfield investment: the location of foreign manufacturers in Italy, Regional Science and Urban Economics, 34, 3, 10.1016/S0166-0462(02)00073-X Basile, 2008, Location choices of multinational firms in Europe: the role of EU cohesion policy, Journal of International Economics, 74, 328, 10.1016/j.jinteco.2007.08.006 Basu, 2011, Towards understanding who makes corporate venture capital investments and why, Journal of Business Venturing, 26, 153, 10.1016/j.jbusvent.2009.07.001 Becker, 2009, Common political culture: evidence on regional corruption contagion, European Journal of Political Economy, 25, 300, 10.1016/j.ejpoleco.2008.12.002 Belsley, 1980 Bevan, 2004, Foreign investment location and institutional development in transition economies, International Business Review, 13, 43, 10.1016/j.ibusrev.2003.05.005 Biswas, 2002, Determinants of foreign direct investment, Review of Development Economics, 6, 492, 10.1111/1467-9361.00169 Blonigen, 2007, FDI in space: spatial autoregressive relationships in foreign direct investment, European Economic Review, 51, 1303, 10.1016/j.euroecorev.2006.08.006 Bound, 1995, Problems with instrumental variables estimation when the correlation between the instruments and the endogenous explanatory variable is weak, Journal of the American Statistical Association, 90, 443 Busse, 2004, Transnational corporations and repression of political rights and civil liberties: an empirical analysis, Kyklos, 57, 45, 10.1111/j.0023-5962.2004.00242.x Chamberlain, 1982, Multivariate regression models for panel data, Journal of Econometrics, 18, 5, 10.1016/0304-4076(82)90094-X Chamberlain, 1984, Panel data, vol. 2, 1247 Cuervo-Cazurra, 2006, Who cares about corruption?, Journal of International Business Studies, 37, 807, 10.1057/palgrave.jibs.8400223 Demirbag, 2009, Equity-based entry modes of emerging countries multinationals: lessons from Turkey, Journal of World Business, 44, 445, 10.1016/j.jwb.2008.11.009 Devereux, 1995, The impact of tax on foreign direct investment: empirical evidence and the implications for tax integration schemes, International Tax and Public Finance, 2, 85, 10.1007/BF00873108 Devereux, 1998, Taxes and the location of production: evidence from a panel of US multinationals, Journal of Public Economics, 68, 335, 10.1016/S0047-2727(98)00014-0 Dininio, 2005, Explaining patterns of corruption in the Russian regions, World Politics, 57, 500, 10.1353/wp.2006.0008 Dollar, 2001, Are women really the “fairer” sex? Corruption and women in government, Journal of Economic Behavior and Organization, 46, 423, 10.1016/S0167-2681(01)00169-X Egger, 2005, Evidence on corruption as an incentive for foreign direct investment, European Journal of Political Economy, 21, 932, 10.1016/j.ejpoleco.2005.01.002 Egger, 2012, Corporate Taxes and Internal Borrowing Within Multinational Firms Evans, 1979 Graham, 1995 Greene, 2000 Greene, 2007, Fixed and Random Effects Models for Count Data Habib, 2002, Corruption and foreign direct investment, Journal of International Business Studies, 33, 291, 10.1057/palgrave.jibs.8491017 Hausman, 1984, Econometric models for count data with an application to the patents–R&D relationship, Econometrica, 52, 909, 10.2307/1911191 Hedge, 2008, The maturation of global corporate R&D: evidence from the activity of U.S. foreign subsidiaries, Research Policy, 37, 390, 10.1016/j.respol.2007.12.004 Henisz, 2000, The institutional environment for multilateral investment, Journal of Law, Economics and Organization, 16, 334, 10.1093/jleo/16.2.334 Harms, 2002, Do civil and political repression really boost foreign direct investment?, Economic Inquiry, 40, 651, 10.1093/ei/40.4.651 Hillman, 2000, Why political culture should be in the lexicon of economics, European Journal of Political Economy, 16, 1, 10.1016/S0176-2680(99)00044-0 Iwasaki, 2005, Regional distribution of foreign direct investment in Russia, Post-Communist Economies, 17, 153, 10.1080/14631370500104828 Jakobsen, 2006, Do foreign investors punish democracy? Theory and empirics, 1984–2001, Kyklos, 59, 383, 10.1111/j.1467-6435.2006.00338.x Javorcik, 2009, Corruption and cross-border investment in emerging markets: firm-level evidence, Journal of International Money and Finance, 28, 605, 10.1016/j.jimonfin.2009.01.003 Jensen, 2003, Democratic governance and multinational corporations: political regimes and inflows of foreign direct investment, International Organization, 57, 587, 10.1017/S0020818303573040 Kalotay, 2005, Outward foreign direct investment from Russia in a global context, Journal of East-West Business, 11, 9, 10.1300/J097v11n03_02 Lambert, 1992, Zero-inflated Poisson regression, with an application to defects in manufacturing, Technometrics, 34, 1, 10.2307/1269547 Lankina, 2010, Regional democracy variations and the forgotten legacies of western engagement, 39 Ledyaeva, 2009, Spatial econometric analysis of foreign direct investment across Russian regions, The World Economy, 32, 643, 10.1111/j.1467-9701.2008.01145.x Levin, 2000, Corruption and institutions in Russia, European Journal of Political Economy, 16, 113, 10.1016/S0176-2680(99)00050-6 Li, 2003, Reversal of fortunes: democratic institutions and foreign direct investment inflows to developing countries, International Organization, 57, 175, 10.1017/S0020818303571077 Madhu, 2009, Federalism's impact on foreign direct investment inflows Marsh, 2004, Measuring and explaining variations in Russian regional democratization, 176 Mundlak, 1978, On the pooling of time series and cross section data, Econometrica, 46, 69, 10.2307/1913646 Mwalili, 2008, The zero-inflated negative binomial regression model with correction for misclassification: an example in caries research, Statistical Methods in Medical Research, 17, 123, 10.1177/0962280206071840 Narula, 2000, Industrial development, globalization and multinational enterprises: new realities for developing countries, Oxford Development Studies, 28, 141, 10.1080/713688313 Neumayer, 2005, Trade openness, foreign direct investment and child labor, World Development, 33, 43, 10.1016/j.worlddev.2004.06.014 Nilsson Hakkala, 2008, Asymmetric effects of corruption on FDI: evidence from Swedish multinational firms, The Review of Economics and Statistics, 90, 627, 10.1162/rest.90.4.627 Olson, 1993, Dictatorship, democracy, and development, American Political Science Review, 87, 567, 10.2307/2938736 Oneal, 1988, Foreign direct investment in less developed regions, Political Science Quarterly, 103, 131, 10.2307/2151144 Oneal, 1994, The affinity of foreign investors for authoritarian regimes, Political Research Quarterly, 47, 565, 10.1177/106591299404700302 Papke, 2008, Panel data methods for fractional response variables with an application to test pass rates, Journal of Econometrics, 145, 121, 10.1016/j.jeconom.2008.05.009 Petrov, 2004, Regional models of democratic development, 239 Ramamurti, 2004, Rethinking foreign infrastructure investment in developing countries, Journal of World Business, 39, 151, 10.1016/j.jwb.2003.08.010 Roebuck, 2004, Adolescent marijuana use and school attendance, Economics of Education Review, 23, 133, 10.1016/S0272-7757(03)00079-7 Root, 2005 Schulz, H., 2009. Political institutions and foreign direct investment in developing countries: Does the sector matter? Unpublished paper. University of Pennsylvania, Philadelphia PA Shleifer, 1993, Corruption, Quarterly Journal of Economics, 108, 599, 10.2307/2118402 Stopford, 1991 Staiger, 1997, Instrumental variables regression with weak instruments, Econometrica, 65, 557, 10.2307/2171753 Vadlamannati, 2012, What drives FDI policy liberalization? An empirical investigation Vanhanen, 1997 Wei, 2000, How taxing is corruption on international investors?, The Review of Economics and Statistics, 82, 1, 10.1162/003465300558533 Wooldridge, 2002 Wu, 2006, Corruption and cross-border investment by multinational firms, Journal of Comparative Economics, 34, 839, 10.1016/j.jce.2006.08.007