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IMPACT OF CORRUPTION ON FOREIGN DIRECT INVESTMENT INFLOW TO ASIAN COUNTRIES GMM ANALYSIS

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27 Pages : 327-340

http://dx.doi.org/10.31703/ger.2023(VIII-I).27      10.31703/ger.2023(VIII-I).27      Published : Mar 2023

Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis

Abstract

    The present research study is devoted to examining the impact of corruption on FDI inflow to selected Asian countries. There are six sub-regions in Asia from each of the regions three countries have been selected for the period of 1995-2016. Along with corruption, some other important variables are added to the model based on literature which can affect income inequality. These variables are political stability, real interest rate, economic growth, and Inflation. Data were collected from World Governance Indicators (WGI) and World Development Indicators (WDI). Panel data techniques i.e. fixed effect regression, pooled ordinary least square, random effect regression and panel GMM were used. The results of all the panel data techniques are compared to get robust results. It is concluded that corruption negatively affects FDI inflow to selected Asian countries. Moreover, in the case of individual regions (sub regions) cases techniques are arrived with mixed outcomes.

    Corruption, FDI, Asian Countries and Panel GMM.

    (1) Muhammad Shabir Jan
    Department of Economics, Islamia College, Peshawar, KP, Pakistan.
    (2) Sher Ali
    Associate Professor, Department of Economics, Islamia College, Peshawar, KP, Pakistan.
    (3) Taimur Khan
    Lecturer, Department of Management Sciences and Commerce, Bacha Khan University, Charsadda, KP, Pakistan.
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Cite this article

APA

    APA : Jan, M. S., Ali, S., & Khan, T. (2023). Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis. Global Economics Review, VIII(I), 327-340. https://doi.org/10.31703/ger.2023(VIII-I).27

CHICAGO

    CHICAGO : Jan, Muhammad Shabir, Sher Ali, and Taimur Khan. 2023. "Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis." Global Economics Review, VIII (I): 327-340 doi: 10.31703/ger.2023(VIII-I).27

HARVARD

    HARVARD : JAN, M. S., ALI, S. & KHAN, T. 2023. Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis. Global Economics Review, VIII, 327-340.

MHRA

    MHRA : Jan, Muhammad Shabir, Sher Ali, and Taimur Khan. 2023. "Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis." Global Economics Review, VIII: 327-340

MLA

    MLA : Jan, Muhammad Shabir, Sher Ali, and Taimur Khan. "Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis." Global Economics Review, VIII.I (2023): 327-340 Print.

OXFORD

    OXFORD : Jan, Muhammad Shabir, Ali, Sher, and Khan, Taimur (2023), "Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis", Global Economics Review, VIII (I), 327-340

TURABIAN

    TURABIAN : Jan, Muhammad Shabir, Sher Ali, and Taimur Khan. "Impact of Corruption on Foreign Direct Investment Inflow to Asian Countries: GMM Analysis." Global Economics Review VIII, no. I (2023): 327-340. https://doi.org/10.31703/ger.2023(VIII-I).27