Ferry Ardiyanto
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CORRUPTION AND INVESTMENT: EVIDENCE FROM SOUTHEAST ASIA Ferry Ardiyanto
Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Vol 2 (2011): Jurnal BPPK (printed version)
Publisher : Badan Pendidikan dan Pelatihan Keuangan - Kementerian Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48108/jurnalbppk.v2i0.54

Abstract

This paper employs market potential, market size, macroeconomic, corruption, democracy, labor, and human capital variables to investigate the relationship between foreign direct investment and corruption in Southeast Asia. he efficient grease hypothesis argues that corruption can increase investment as it acts as grease money that enables firms to avoid bureucratic red tape, thus improving economic efficency. Consequently, fighting corruption would be a counterproductive. However, this may not be the case. Empirical results shows that worsening of corruption in host economies leads to a reduced inflow of foreign direct investment. A one-point increase in corruption level is associated with approximately 26,5 percent reduction in investment. Therefore, corruption is considered as grabbing hand rather than a helping hand for investment, sanding instead of greasing the wheels of commerce, and reducing rather than increasing economic efficiency.
DETERMINANTS OF CORRUPTION IN ASIA Ferry Ardiyanto
Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Vol 6 No 2 (2013): Jurnal BPPK (printed version)
Publisher : Badan Pendidikan dan Pelatihan Keuangan - Kementerian Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Paper ini mencoba membangun model-model empirik untuk menyelidiki faktor-faktor yang menyebabkan korupsi di Asia. Metode estimasi feasible generalized least square (FGLS) dipilih karena autokorelasi dan heteroskedasticity sering ditemukan dipanel data . Empat model yang berbeda digunakan untuk mengetahui penyebab korupsi. Hasil penelitian menunjukkan bahwa korupsi di Asia disebabkan oleh faktor-faktor ekonomi dan kelembagaan Variabel-variabel ekonomi hampir selalu mempengaruhi korupsi, sedangkan efek dari variabel-variabel kelembagaan bervariasi.