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Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills

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NBER1997-11-01 更新2025-01-04 收录
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This paper examines the effect of corruption-induced uncertainty on foreign direct" investment. The measure of uncertainty is constructed based on unpublished individual survey" responses on levels of corruption in host countries. The result is striking. The effect is negative statistically

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1997-11-01
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