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The crowding-out effects of corruption in Nigeria: An empirical study

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  • Adewale Stephen Bakare

    (Department of Economics, Adekunle Ajasin University, P.M.B 001, Akungba Akoko. Ondo State, Nigeria)

Abstract

This study examined the crowding out effects of corruption and its destabilizing implications on the economic growth of Nigeria, using parsimonious error correction mechanism. The study employed experimental research design approach for the data analysis, which combined theoretical consideration (a priori criteria) with empirical observations and extracted maximum information from the available data. The Nigerian secondary and time series data were tested for stationary and co integration variables before they were used. The results of the regression showed that there is a negative relationship between corruption and output growth in Nigeria. These findings have some policy implications. The government should introduce a national reorientation program to educate people on the crucial need to eradicate corruption in all sectors of Nigeria’s economic and socio-political systems and strengthen the previous efforts in programs like Code of Conduct Bureau, WAI Brigade, ICPC, EFCC and NATPIP. The government must introduce an equitable wages and incentive system and improve other conditions of work so that the level of poverty could be reduced and the quality of life improved. This will inevitably reduce people’s vulnerability and susceptibility to corruption. She must also introduce transparency devices that can detect and prevent corruption in all areas.

Suggested Citation

  • Adewale Stephen Bakare, 2011. "The crowding-out effects of corruption in Nigeria: An empirical study," E3 Journal of Business Management and Economics., E3 Journals, vol. 2(2), pages 059-068.
    • Handle: RePEc:etr:series:v:2:y:2011:i:2:p:059-068
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    Citations

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    Cited by:

    1. OUEGHLISSI, Rim & DERBALI, Ahmed, 2021. "Democracy, Corruption and Unemployment: Empirical Evidence from Developing Countries," MPRA Paper 107535, University Library of Munich, Germany.
    2. Lim, King Yoong, 2019. "Modelling the dynamics of corruption and unemployment with heterogeneous labour," Economic Modelling, Elsevier, vol. 79(C), pages 98-117.
    3. Liu, Zhen & Ngo, Thanh Quang & Saydaliev, Hayot Berk & He, Huiyuan & Ali, Sajid, 2022. "How do trade openness, public expenditure and institutional performance affect unemployment in OIC countries? Evidence from the DCCE approach," Economic Systems, Elsevier, vol. 46(4).
    4. Ijaz Uddin & Khalil Ur Rahman, 2023. "Impact of corruption, unemployment and inflation on economic growth evidence from developing countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2759-2779, June.

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