AN ASSESSMENT OF CONTROL OF CORRUPTION AS A DRIVER OF ECONOMIC GROWTH IN NIGERIA
AN ASSESSMENT OF CONTROL OF CORRUPTION AS A DRIVER OF ECONOMIC GROWTH IN NIGERIA
Author(s): Victor Ushahemba Ijirshar, Terseer Anthony Makar, Ayila Ngutsav, Joyce Mbakosun Ayaga, Aondover Dennis Ungwa, Muhammad LawalSubject(s): Politics / Political Sciences, Politics, Economic policy, Corruption - Transparency - Anti-Corruption
Published by: Editura Tehnopress
Keywords: Consumption; corruption; economic growth; government expenditure; investment;
Summary/Abstract: This research investigated the influence of control of corruption on the economic growth of Nigeria spanning from 1996 to 2022. The Autoregressive Regressive Distributed Lagged Model was employed for data analysis. The study found that control of corruption has weak positive influence on economic growth in Nigeria in the long run but a strong negative influence on economic growth in the short-run. The dual nature of the influence of corruption control on economic growth in Nigeria—weakly positive in the long run and strongly negative in the short run—can be rationalized by considering the gradual nature of institutional change. The study recommends the empowering of anti-corruption agencies like the Independent Corrupt Practices Commission (ICPC) and enforcing strict sanctions to influence cultural and moral change, while creating additional agencies, promoting transparent leaders, and fostering public discourse.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 2024
- Issue No: 31
- Page Range: 163-182
- Page Count: 20
- Language: English
