Economics at your fingertips  

Do Institutions and Social Capital matter in the Economic Development of Nigeria?

Eugene Okoi Ifere () and Naomi Onyeje Doki ()
Additional contact information
Eugene Okoi Ifere: Department of Economics, Faculty of Social Sciences, Federal University Lafia, Nasarawa State-Nigeria.
Naomi Onyeje Doki: SDepartment of Economics, Faculty of Social Sciences, Benue State University, Markurdi- Benue State, Nigeria.

Journal of Economic and Social Thought, 2017, vol. 4, issue 2, 232-246

Abstract: This paper addresses the impact of institutions and social capital on economic development of Nigeria. It advanced an argument that economic prosperity of a country is embedded in social organizations and transformations of her institutions built from social capital. The methodology adopted was quantitative and qualitative. The results present a declining negative impact of social capital and institutional variables on economic development; affirming the importance of social capital on institutional quality. Therefore, the way forward is taking a tougher stance against abuse of power and employ mechanism of social capital to reconcile conflict among social, political and economic interest groups.

Keywords: Institutions; Social capital; Economic development. (search for similar items in EconPapers)
JEL-codes: D70 H10 O10 O40 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Economic and Social Thought is currently edited by Bilal KARGI

More articles in Journal of Economic and Social Thought from KSP Journals Istanbul, Turkey.
Series data maintained by Bilal KARGI ().

Page updated 2017-11-18
Handle: RePEc:ksp:journ3:v:4:y:2017:i:2:p:232-246