The crowding-out effects of corruption in Nigeria: An empirical study.
Journal Title: E3 Journal of Business Management and Economics - Year 2011, Vol 2, Issue 2
Abstract
Abstract: This study examined the crowding out effects of corruption and its destabilizing implications on the economic growth of Nigeria, using parsimonious error correction mechanism. The study employed experimental research design approach for the data analysis, which combined theoretical consideration (a priori criteria) with empirical observations and extracted maximum information from the available data. The Nigerian secondary and time series data were tested for stationary and co integration variables before they were used. The results of the regression showed that there is a negative relationship between corruption and output growth in Nigeria. These findings have some policy implications. The government should introduce a national reorientation program to educate people on the crucial need to eradicate corruption in all sectors of Nigeria’s economic and socio-political systems and strengthen the previous efforts in programs like Code of Conduct Bureau, WAI Brigade, ICPC, EFCC and NATPIP. The government must introduce an equitable wages and incentive system and improve other conditions of work so that the level of poverty could be reduced and the quality of life improved. This will inevitably reduce people’s vulnerability and susceptibility to corruption. She must also introduce transparency devices that can detect and prevent corruption in all areas.
Authors and Affiliations
Adewale Bakare
Keywords
Related Articles
- EP ID EP150585
- DOI -
- Views 121
- Downloads 0
0-1 integer interval number programming approach for the multilevel generalized assignment problem
In this paper, an approach is suggested to solve the multilevel generalized assignment problem with 0-1 integer interval number programming. The multilevel generalized assignment problem (MGAP) differs from the classical...
Comparative analysis of marketing integration strategies in three different marketing environments
The paper presents the results of a study of comparative analysis of marketing integration strategies in three different marketing environments. It is observed that one of the fundamental challenges facing the multinatio...
The crowding-out effects of corruption in Nigeria: An empirical study.
Abstract: This study examined the crowding out effects of corruption and its destabilizing implications on the economic growth of Nigeria, using parsimonious error correction mechanism. The study employed experimental re...
Does motivational factor influence organizational commitment and effectiveness? A review of literature
To survive into this Century, Leaders of organizations must offer a greater sense of meaning and purpose for their employees. In today’s highly competitive environment, this paper will help managements to get the best fr...
Household indebtedness in Tunisia
This paper aims to analyze the development of household indebtedness in Tunisia and its microeconomic determinants. The probit method was used to identify the determinants of household indebtedness with reference t...