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

Journal of Economic and Social Thought

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Title Do Institutions and Social Capital matter in the Economic Development of Nigeria?
 
Creator IFERE, Eugene Okoi; DEPARTMENT OF ECONOMICS FACULTY OF SOCIAL SCIENCES FEDERAL UNIVERSITY LAFIA NASARAWA STATE NIGERIA
Doki, Naomi Onyeje
 
Subject Institutions, Social capital; Economic development.
D70; H10; O10; O40.
 
Description 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.JEL. D70, H10, O10, O40.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor —
 
Date 2017-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/1286
10.1453/jest.v4i2.1286
 
Source Journal of Economic and Social Thought; Vol 4, No 2 (2017): June; 232-246
Journal of Economic and Social Thought; Vol 4, No 2 (2017): June; 232-246
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/1286/1328
 
Rights Copyright (c) 2017 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0