An empirical investigation of the effect of corruption on domestic savings in Nigeria

Nurudeen Abu and Marcin Staniewski

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 4092-4112

Abstract: This study assesses the impact of corruption on Nigeria’s domestic savings. To this end, an ARDL technique was employed to analyze quarterly data for the 1996–2019 period. We find evidence of a long-term relationship between domestic savings and corruption (along with income growth, income level, inflation rate, deposit interest rate, unemployment rate including oil price). The empirical results indicate that lowering corruption level raises domestic savings over the long-term. Other important factors that drive domestic savings over the long-run in Nigeria are income level, deposit interest rate, inflation rate, unemployment rate as well as oil price. Having established the major factors that affect domestic savings, some recommendations are offered to encourage saving mobilization in Nigeria.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2021.2010113 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:reroxx:v:35:y:2022:i:1:p:4092-4112

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2021.2010113

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().