Corruption, Inequality of Income and economic Growth in Nigeria

Muhammad Yusuf

MPRA Paper from University Library of Munich, Germany

Abstract: The paper examines empirically, the effects of corruption on inequality of income and economic growth. Firstly, the long run structural relationship is examined through the technique of Autoregressive distributed lag model (ARDL). Secondly, the causality relationship is measured empirical results suggest a long run relationship between corruption, inequality of income and economic growth in the Nigeria. Emphasizing on the channels of influence of growth, the finding, in the dynamic corruption equation indicates that the coefficient of the economic growth is significantly negative. This implies that despite much rhetoric to the contrary fighting corruption in Nigeria requires resources. More so, the finding suggests inequality of income directly impact on economic growth. This implies that economic growth rises with inequality of income. The policy implication is that Nigeria economic growth problems are structural as such fighting corruption require huge economic resources.

Keywords: Co-integration; Inequality of income; per -capita income; Poverty (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Date: 2013-11
New Economics Papers: this item is included in nep-afr, nep-gro and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:52348

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