English, Article, Journal or magazine article edition: Does corruption relieve foreign investors of the burden of taxes and capital controls? Shang-Jin Wei

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Bookmark: http://trove.nla.gov.au/version/164417
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does corruption relieve foreign investors of the burden of taxes and capital controls?
Author
  • Shang-Jin Wei
Physical Description
  • preprint
Notes
  • In a sample of fourteen source countries making bilateral investments in forty five countries, the author finds that taxes, capital controls, and corruption, all have large, statistically significant negative effects on foreign investment. Moreover, there is no robust support in the data for the"efficient grease"hypothesis - that corruption helps attract foreign investment by reducing firms'tax burden and the irritant of capital controls.
  • International Terrorism&​Counterterrorism,Capital Markets and Capital Flows,Decentralization,Fiscal&​Monetary Policy,Economic Theory&​Research,Economic Theory&​Research,International Terrorism&​Counterterrorism,Governance Indicators,National Governance,Capital Flows
  • RePEc:wbk:wbrwps:2209
Language
  • English
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