Abstract
The current study constructs a balanced panel-data set collected from ASEAN countries during the period from 2012 to 2015 to examine the impact of Corruption Perception Index (CPI) on foreign direct investment inflows (FDI). Results from a Random-Effects model (RE) show that the impact of CPI on FDI inflows is positive and significant at one per cent level. This indicates that a country with less corruption will be able to attract more FDI inflows. In addition, the impacts of population and inflation on FDI inflows are positive and significant at one and ten per cent level, respectively. In contrast, the impact of unemployment on FDI inflows is negative and significant at ten per cent level.
Keywords: Corruption perception index, foreign direct investment, ASEAN, random-effects.
JEL classification: E, F, F21.
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
