Abstract: This paper examines the causal relationship between economic growth and corruption in a developing country such as Nigeria.
The granger causality method was also applied to measure the causal relationship that exists between corruption and the gross domestic product (GDP). This study used the ordinary least squares (OLS) to determine the relationship between corruption and economic growth.
The results revealed that corruption impairs and impacts economic growth. Foreign direct investment was found to enhance economic growth, government expenditure was also found to increase economic growth. It is on this basis, we draw our conclusion and suggest that private anti-corruption Initiatives, public anti-corruption initiatives, and public education campaign/programmes should be strengthened and motivated in to address the cause of corruption rather than its effects.
Publication Year: 2016
Publication Date: 2016-11-09
Language: en
Type: article
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Cited By Count: 17
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