How corruption affects economic growth in Nigeria
by Shehu U.R. Aliyu, Akanni O. Elijah
J. for Global Business Advancement (JGBA), Vol. 4, No. 2, 2011

Abstract: The World Bank (2010) asserts that corruption is the single greatest impediment to economic growth in third world countries. This paper investigated the impact of corruption on economic growth in Nigeria from 1986 to 2007. An endogenous economic growth model developed by Barro (1991) was modified and applied to the Nigerian case using a time series data on some critical variables in the Nigerian economy. The model was estimated using Engle and Granger's (1987) co-integration and error correction technique. Empirical findings partly overturn the view in the literature that corruption is a beneficial 'grease' that lubricates the engine of economic growth. Meaning, corruption decelerates economic growth in Nigeria. The paper recommends shortening of labyrinthine structure in general administration of government and quick dispensation of justice in order to stem corruption and promote economic growth in Nigeria.

Online publication date: Mon, 25-Jul-2011

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for Global Business Advancement (JGBA):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com