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Corruption and economic growth in India and Nigeria

Author

Listed:
  • Obamuyi Tomola M.

    (Department of Economics, School of Management Technology, Federal University of Technology, Akure, Nigeria)

  • Olayiwola Saheed O.

    (Department of Economics, School of Management Technology, Federal University of Technology, Akure, Nigeria)

Abstract

Aim/purpose – Theoretical arguments about the impact of corruption on economic growth have divided economists into two groups. The first one believes that corruption is an obstruction to economic growth and development while the second – that corruption plays a positive role in the development process. Therefore, the arguments on the effects of corruption on economic growth are inconclusive. This study investigates the effects of corruption on economic growth as measured in real Gross Domestic Product (GDP) per capita growth in Nigeria and India due to the pervasive corruption in the two low-income countries.

Suggested Citation

  • Obamuyi Tomola M. & Olayiwola Saheed O., 2019. "Corruption and economic growth in India and Nigeria," Journal of Economics and Management, Sciendo, vol. 35(1), pages 80-105, March.
    • Handle: RePEc:vrs:jecman:v:35:y:2019:i:1:p:80-105:n:4
    DOI: 10.22367/jem.2019.35.05
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    References listed on IDEAS

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    More about this item

    Keywords

    corruption; economic growth; human capital; investment;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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