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Physical Sciences and Mathematics

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2024

Corruption

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Does The Foreign Direct Investment In Emerging Asian Countries Get ‘Greased’ Or ‘Sanded’ By Corruption? Evidence From Gets Model, Rainah Ginsad, Imbarine Bujang, Abdul Aziz Karia, Emelia Girau, Siti Rahayu Beli Jan 2024

Does The Foreign Direct Investment In Emerging Asian Countries Get ‘Greased’ Or ‘Sanded’ By Corruption? Evidence From Gets Model, Rainah Ginsad, Imbarine Bujang, Abdul Aziz Karia, Emelia Girau, Siti Rahayu Beli

ASEAN Journal on Science and Technology for Development

Inflows of foreign direct investment (FDI) considerably boost industrialization and economic growth in emerging economies. Corruption, human capital, and the economic environment are just a few factors mentioned in the literature as influencing FDI inflow. The impact of corruption on FDI, whether FDI is greased or sanded by corruption, has received greater interest in recent empirical study. This study analysed the impact of the Corruption Perception Index (CPI) on foreign direct investment (FDI) in selected Asian emerging economies. Utilising annual panel data covering 22 selected Asian emerging economies, this study uses the General-to-specific (GETS) model to analyse the impact. The …