In an environment in which the competitiveness to attract foreign investment is growing, the interest in literature to determine the relationship between corruption and FDI has given rise to two contrary theories. The first indicates that corruption can behave as an incentive to FDI and the second as a deterrent. However, there are theoretical aspects such as the endogeneity of the variables, the long-term relationship and the difference between FDI flows and stocks, in which Latin America has not deepened. For this reason, the present study aims to determine whether corruption has had a positive or negative effect on the attraction of FDI in Latin America, for the period 1998 - 2017. Specifically, it seeks to identify if there is a double causality relationship between the variables. Also, determine whether the short-term effect differs from the long-term effect and finally, check wheth...