Chandan Jha, Ph.D., associate professor of finance, recently published a paper in Economic Modelling. In this paper, Jha and his co-authors show that corruption reduces foreign direct investment (FDI) in natural resources in Latin American and Caribbean countries. The paper's novelty lies in its exploration of this association during economic downturns and fiscal crises. Jha and his co-authors find that corruption's negative effects on FDI in natural resources are milder during economic downturns and crises as corrupt agents disregard laws to compensate for the adversity caused by hard times. The paper can be found here.  

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