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

Author

Listed:
  • SAIBU, Olufemi Muibi
  • FAKANBI, KEHINDE Ernest
  • AGBOOLA, Olawode Wasiu

Abstract

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.

Suggested Citation

  • 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
    as

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    References listed on IDEAS

    as
    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, 1999. "FOURTH MOMENT STRUCTURE OF THE GARCH(p,q) PROCESS," Econometric Theory, Cambridge University Press, vol. 15(6), pages 824-846, December.
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    4. World Bank, 2005. "World Development Indicators 2005," World Bank Publications - Books, The World Bank Group, number 12425, April.
    5. World Bank, 2003. "World Development Indicators 2003," World Bank Publications - Books, The World Bank Group, number 13920, April.
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    Cited by:

    1. Akinleye Simeon Oludiran & Laleye Nicaise Abimbola, 2018. "Major Determinants of Foreign Direct Investment in the West African Economic and Monetary Region," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 22(1), pages 121-162, Winter.

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    Keywords

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    JEL classification:

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

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