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Corruption Effects on Nigeria: Aggregate and Sectoral Estimates Using VAR

Author

Listed:
  • Raymond Osi Alenoghena

    (Managing Director of Rainexpress Nigeria Limited.)

  • Olaniyi Evans

    (Research Associate, Lagos Business School, Keneya.)

Abstract

This research study investigates the impact of corruption on some key activity sectors of the Nigerian economy between 1996 and 2013 using VAR technique. The empirical estimates demonstrate that corruption affects most significantly agriculture, services, wholesale and retail sectors in Nigeria. As well, the study shows that the control of corruption has significant effect in the reduction of corruption. The study recommends that Nigeria can use an amalgamation of ethics hotlines for reporting corruption, open-door policies to embolden subordinates to consult with bosses for guidance, a "zero-tolerance" policy for breaches, anticorruption training sessions, and complete transparency in governmental operations to minimalize infractions. Nigeria will require strong political will and vision, credibility, frontal assault, new staff, deregulation, unconventional methods, close coordination, harnessing technology and tailoring international experience to local conditions.

Suggested Citation

  • Raymond Osi Alenoghena & Olaniyi Evans, 2015. "Corruption Effects on Nigeria: Aggregate and Sectoral Estimates Using VAR," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 3(3), pages 41-48, June.
    • Handle: RePEc:lrc:lareco:v:3:y:2015:i:3:p:41-48
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    Citations

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    Cited by:

    1. Adesugba, Margaret Abiodun & Mavrotas, George, 2016. "Youth employment, agricultural transformation, and rural labor dynamics in Nigeria," IFPRI discussion papers 1579, International Food Policy Research Institute (IFPRI).
    2. Evans, Olaniyi, 2018. "Improved Financial Performance Without Improved Operational Efficiency: The Case of Nigerian Firms," MPRA Paper 118202, University Library of Munich, Germany.
    3. Evans, Olaniyi, 2020. "Fiscal Discipline, Financial Development & Economic Growth in Nigeria," MPRA Paper 99242, University Library of Munich, Germany.
    4. Ugbomhe O. Ugbomhe & Oboh Joseph & T. O. Agweda, 2018. "An Empirical Investigation of Factors Motivating Corruption in Nigeria: Evidence from selected Public Sector Organisationsin Nigeria," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 9(3), pages 32-49, September.

    More about this item

    Keywords

    Corruption; Corruption effects; VAR estimates.;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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