Political Regime Types and Economic Development in Nigeria: Significance of Conflict and Corruption

IF 0.4 Q4 ECONOMICS

Journal of Interdisciplinary Economics Pub Date : 2018-05-31 DOI:10.1177/0260107918769539

Olalekan Charles Okunlola

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引用次数: 8

Abstract

This article investigates the short- and long-run effects of political regimes (POLREGs) on economic development in Nigeria between 1984 and 2015. It looks at the effects of the conflict (CONFL) and corruption (COR) on economic development indicators and examines the interactive effect of POLREGs and COR as well as CONFL on economic development. COR and CONFL seem to be more prevalent in Nigeria during democracy relative to the periods under dictatorship. Using the Autoregressive Distributed Lag (ARDL) approach to cointegration, it derived a number of robust conclusions. Democracy in the long run yields higher economic development when it is devoid of CONFL and COR, while autocracy hinders economic development. In the short run however, more autocracy fosters economic development in Nigeria while democracy hinders it. COR portends grave threat to the development of Nigeria’s economy as it reduces development in the long run. Effect of CONFL on economic development in Nigeria is unclear. These findings highlight the need to establish effective anti-graft agencies to fight COR to the barest minimum in Nigeria. They also highlight the need to employ CONFL resolution mechanisms in resolving CONFL issues in the democratization process of the country. JEL: D74, K420, P160, O1, Q550

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尼日利亚政治制度类型与经济发展：冲突与腐败的意义

本文调查了1984年至2015年间尼日利亚政治制度对经济发展的短期和长期影响。它考察了冲突和腐败对经济发展指标的影响，并考察了POLREGs和COR以及冲突和腐败对于经济发展的互动影响。与独裁统治时期相比，COR和CONFL在尼日利亚民主时期似乎更为普遍。利用自回归分布滞后（ARDL）方法进行协整，得出了一些稳健的结论。从长远来看，民主在没有CONFL和COR的情况下会带来更高的经济发展，而专制则会阻碍经济发展。然而，从短期来看，更多的专制促进了尼日利亚的经济发展，而民主阻碍了经济发展。COR预示着尼日利亚经济的发展将受到严重威胁，因为它从长远来看会减少发展。CONFL对尼日利亚经济发展的影响尚不清楚。这些发现强调了建立有效的反腐机构的必要性，以在尼日利亚将COR降至最低。他们还强调，在该国民主化进程中，有必要利用CONFL解决机制来解决CONFL问题。JEL:D74，K420，P160，O1，Q550

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来源期刊

Journal of Interdisciplinary Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The explosion of information and research that has taken place in recent years has had a profound effect upon a variety of existing academic disciplines giving rise to the dissolution of barriers between some, mergers between others, and the creation of entirely new fields of enquiry.