The Effect of Corruption on Economic Growth in Nigeria
The Effect of Corruption on Economic Growth in Nigeria
Author(s): Yusuf Oke Lawal, Emmanuel Oladapo George, I.O. Oseni, Babatunde Adekunle OkuneyeSubject(s): Economy, National Economy, Socio-Economic Research
Published by: Икономически университет - Варна
Keywords: Corruption; economic growth; corruption pyramid; transparency international and ordinary least square
Summary/Abstract: Previous empirical studies have appraised efforts of government in fighting corruption in Nigeria. In spite of this, corruption has been identified as one of the hindering factors for attaining the desirable economic growth. This study therefore examines the effect of corruption on economic growth in Nigeria between 1987 and 2017 using secondary time series data sourced from the Transparency International, Central Bank of Nigeria (CBN) Statistical Bulletin and World Development Indicators (WDI). Data were analysed using Ordinary Least Squares (OLS) techniques and Barro model. The result shows a negative significant relationship between corruption and economic growth and recommends that government should strengthen the anti-corruption agencies in order to comprehensively fight corruption in Nigeria.
Journal: Izvestiya. Journal of Varna University of Economics
- Issue Year: 64/2020
- Issue No: 1
- Page Range: 65-78
- Page Count: 14
- Language: English