THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017)

Abstract

This research investigates the impact of corruption on Economic growth in Nigeria  from  1996-2017.  Data  were  collected  from  the  Central  Bank  of Nigeria  Statistical  Bulletin,  Debt  Management  office  and  Transparency International. The study examines the stochastic characteristics of each time series  by  testing  their  stationarity  using  Augmented  Dickey-Fuller  (ADF) test.  The study also  employed ECM for  estimation.  Variables used  in  this study  included  corruption  perception  index  (proxy  for  corruption),  per capita gross domestic product (proxy for economic growth), unemployment rate, stock of domestic debt and domestic debt service payment. The results of the study suggest that an indirect relationship exists between  economic growth and corruption in Nigeria though  in an insignificant fashion.  This implies that economic growth is affected by corruption but not to the extent over hyped by various experts. With this finding it was recommended that the government  while  fighting  this  menace  should  also  channel  resources  to increasing  employment  levels  and  domestic  borrowing  while  taking measures  to  ensure  that  borrowed  funds  should  be  channeled  to developmental purposes so that the returns on borrowed funds will outweigh the cost of borrowing it.


TABLE OF CONTENTS  

Title Page…………………………..........……..........…………….……………………………. 1 

Dedication………………………...………………….…………………………..……………….2 

Table of contents……………………........…………..…………………………....……......……..3 

Abstract……………………………......……………..………………………..……….………….4 

Chapter one: Introduction……………..……6 

Chapter Two: Literature Review....................8 

Chapter Three: Research Methodology...........14 

Chapter Four:  Data Presentation and Analysis.................17 

Chapter Five: Conclusion and Recommendation......20 

APPENDIX  I DATA OF VARIABLES USED ..............24          

APPENDIX  II REFERNCES........25        

APPENDIX  III AUGMENTED DICKEY-FULLER (ADF) TEST RESULT........27 

APPENDIX  IV  COINTEGRATION TEST RESULT.....30 

APPENDIX  V  ERROR CORRECTION MECHANISM (ECM) RESULTS.....33 

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APA

Emmanuel, O. (2018). THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017). Afribary. Retrieved from https://tracking.afribary.com/works/okeme-work1

MLA 8th

Emmanuel, Okeme "THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017)" Afribary. Afribary, 22 Nov. 2018, https://tracking.afribary.com/works/okeme-work1. Accessed 09 Nov. 2024.

MLA7

Emmanuel, Okeme . "THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017)". Afribary, Afribary, 22 Nov. 2018. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/okeme-work1 >.

Chicago

Emmanuel, Okeme . "THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017)" Afribary (2018). Accessed November 09, 2024. https://tracking.afribary.com/works/okeme-work1

Document Details
By: Okeme Emmanuel Field: Economics Type: Thesis 34 PAGES (6983 WORDS) (pdf)