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Political dispensation and macroeconomic performance in Nigeria (1970-2009)


  • SAIBU, Olufemi Muibi
  • AGBOOLA, Olawode Wasiu


This study examines the extent to which Nigeria has benefited from its democratic experience since independence. Using simple descriptive statistics and data series from 1970 to 2009, the study showed that the trend in macroeconomic performance has not significantly improved. Indeed, the period of democratic regimes seemed more volatile than the other period of non-democratic regimes. The policy inferences from this analysis are that there is more to socioeconomic development than the form of government. Unless those development-enhancing factors are addressed, democracy may not lead to improved socioeconomic development in Nigeria.

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  • SAIBU, Olufemi Muibi & FAKANBI, KEHINDE Ernest & AGBOOLA, Olawode Wasiu, 2011. "Political dispensation and macroeconomic performance in Nigeria (1970-2009)," MPRA Paper 34821, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:34821

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    References listed on IDEAS

    1. Dominguez, Kathryn M. E., 2003. "The market microstructure of central bank intervention," Journal of International Economics, Elsevier, vol. 59(1), pages 25-45, January.
    2. He, Changli & Teräsvirta, Timo, 1997. "Fourth Moment Structure of the GARCH (p, q) Process," SSE/EFI Working Paper Series in Economics and Finance 168, Stockholm School of Economics.
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    Political Dispensation; Democratic Governance and Macroeconomic Performance;

    JEL classification:

    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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