Jonathan Rosborough

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Staff Working Papers

Government Corruption and Foreign Direct Investment Under the Threat of Expropriation

Staff Working Paper 2016-13 Christopher Hajzler, Jonathan Rosborough
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors face the threat of expropriation.