Does Corruption and Institutional Quality Impede Economic Performance in Nigeria?
Ibrahim Adeolu Bakare, Azuka Elvis Ozegbe, Dada Kareem Salami
Journal of Economics, Management and Trade · pp. 40–56 · Published 2 May 2023
10.9734/jemt/2023/v29i71103Abstract
This study examined the nexus between corruption, institutional quality and economic performance with the motivation to determine the extent to which economic performance is impeded by corruption and institutional quality in Nigeria. The autoregressive distribution lag (ARDL) technique was employed to test the short-run and long-run relationship among the variables of interest. The data used for the analysis were obtained from the World Development Indicators and the Central Bank of Nigeria’s Statistical Bulletin for the period 1970 to 2020. The study found that corruption has a negative and significant impact on economic performance in the long-run. In contrast, institutional quality was found to have a negative but insignificant effect on economic performance. This implies that despite the establishment of institutional structures and enactment of stringent laws to curb the menace of corruption, Nigeria still witnesses a decline in economic performance. As such, Nigeria has weak institutions and regulations to fight corruption. Contrastingly, the study revealed that human capital, trade openness and the working population exerted positive and significant impacts on economic performance. By implication, the Nigerian economy reacts positively to changes in human capital development, trade openness and working population in the long-run. This suggests that, with the availability of appropriate policies and resources, human capital development, trade openness, and working population growth have the potential to enhance Nigeria’s economic performance.
References (34)
- 1 On the mechanics of economic development [DOI]
- 2 Bounds testing approaches to the analysis of level relationships [DOI]
- 3 Increasing Returns and Long-Run Growth [DOI]
- 4 Economic Growth in a Cross Section of Countries [DOI]
- 5 Government Spending in a Simple Model of Endogeneous Growth [DOI]
- 6 Governance regimes, corruption and growth: Theory and evidence [DOI]
- 7 The Comparative Politics of Corruption: Accounting for the East Asian Paradox in Empirical Studies of Corruption, Growth and Investment [DOI]
- 8 Institutions and economic development [DOI]
- 9 Corruption, natural resources and economic growth: Evidence from OIC countries [DOI]
- 10 CORRUPTION'S DIRECT EFFECTS ON PER‐CAPITA INCOME GROWTH: A META‐ANALYSIS [DOI]
- 11 Reducing Bureaucratic Corruption: Interdisciplinary Perspectives on What Works [DOI]
- 12 Corruption and Economic Growth: Some New Empirical Evidence from a Global Sample [DOI]
- 13 Corruption and Economic Growth: An Econometric Survey of the Evidence [DOI]
- 14 Corruption and Economic Growth: The African Experience
- 15 Corruption and economic growth, with a focus on Vietnam [DOI]
- 16 An Econometric Analysis of the Impact of Corruption on Economic Growth in Nigeria
- 17 Inequality, corruption and the informal sector [DOI]
- 18 Corruption, public debt and economic growth – evidence from developing countries [DOI]
- 19 Corruption and economic growth in India and Nigeria [DOI]
- 20 Corruption and Economic Development [DOI]
- 21 THE CORRUPTION AND HUMAN DEVELOPMENT TO THE ECONOMIC GROWTH OF OIC COUNTRIES [DOI]
- 22 Corruption and Economic Growth in Nigeria (1980-2013) [DOI]
- 23 Corruption and Economic Growth in Nigeria: An Empirical Analysis 1996 - 2013
- 24 Corruption, Institutional Quality and Economic Performance in an Emerging Economy: Lessons from Nigeria [DOI]
- 25 Impact of Corruption on the Growth of the Nigerian Economy-1960-2012: Error Correction Mechanism (ECM) [DOI]
- 26 Determinants of Public Sector Corruption in Nigeria [DOI]
- 27 How Does Corruption Affect Economic Growth? An Econometric Analysis [DOI]
- 28 Combating Corruption through Institutional Reforms to Strengthen Economy and Governance: Evidence from Pakistan [DOI]
- 29 Corruption and Growth in the Economic and Monetary Community of Central Africa (EMCCA): The Role of Democracy [DOI]
- 30 Government Spending, Corruption and Output Growth in Nigeria [DOI]
- 31 The Implication of Corruption on Economic Progress of Nigeria [DOI]
- 32 Financial Sector Reforms and Human Development in Cameroon
- 33 Objective or Perception-Based: A Debate on the Ideal Measure of Corruption [DOI]
- 34 The effect of corruption on economic growth in the BRICS countries. A panel data analysis
Cited by 5
Negussie Gebrue · African Journal of Economic and Management Studies · 2024
Showing 1 of 5 known citations — external sources report more than can currently be individually listed.
Related research
- First Trimester Fasting Blood Glucose as a Screening Tool for Diabetes Mellitus in a Teaching Hospital Setting in Nigeria — shares topic coverage
- The Nature and Complications of Acute Traumatic Cervical Spinal Cord Injury in a University Hospital in Nigeria — shares topic coverage
- Musculoskeletal Complications of Sickle Cell Anaemia and Their Management Approaches in Makurdi, Nigeria — shares topic coverage
- Work-related Musculoskeletal Disorders among Radiologists in Nigeria — shares topic coverage
- The Skills of Cardiopulmonary Resuscitation in Some Professional and Student Teachers Compared — shares topic coverage
Article metrics
Real usage data collected on this platform.
53
Page views
0
PDF downloads
20
Outbound clicks
5
Citations
Views over time
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
Traffic sources
Referring site, by host.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.