IMPACT DE LA CORRUPTION SUR L’ATTRACTIVITE DES IDE : LES RESULTATS D’UNE ETUDE EMPIRIQUE MENEE EN ZONE CEMAC
The purpose of this paper is to evaluate the impact of control of corruption on the FDI of the CEMAC zone. To test our hypothesis which there exist a negative relation between corruption and attractiveness of FDI in the CEMAC zone, we have used the Generalized Method Moment (GMM) in a dynamic panel of the six countries of the zone for the period 1996-2016. The results from the analysis show that there a significant positive impact of the control of corruption on the attracting FDI of the sub-region. Therefore, an increase in the control of corruption will minimize the level of corruption which will give more incentive to foreign investors willing to invest to the region. Considering the results, the recommendations have been set up for the control of corruption to attract more and more FDI in this zone
Corruption, Foreign Direct Investment, Institutional governance, CEMAC.