Institutional Reform and Corruption on Economic Growth of Nigeria
Institutional Reform and Corruption on Economic Growth of Nigeria

Author(s): Akindele Tolulope T.
Subject(s): Economic development, Corruption - Transparency - Anti-Corruption
Published by: Scientia Moralitas Research Institute
Keywords: Institutional reform; corruption; economic growth;
Summary/Abstract: The study examined the effect of institutional reform and corruption on economic growth of Nigeria; these were with the view to determining the relationship among institutional reform, corruption and economic growth in Nigeria. Secondary data were used for the study. Data series on corruption index, rule of law and government contract repudiation covering the period from 1985 to 2018 were sourced from the International Country Risk Guide (ICRG) indicators. Data collected were analyzed using tables, graphs, Autoregressive Distributed Lag (ARDL). The ARDL estimates revealed that rule of law and government contract repudiation have a positive effect on economic growth in the long run. On the other hand, the result revealed that corruption has a negative and significant effect on economic growth in the long run. The study concluded that institutional reform and level of corruption are important in determining economic growth in Nigeria.

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