Record Details

Corruption Effects on Nigeria: Aggregate and Sectoral Estimates Using VAR

Journal of Economic & Financial Studies

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Field Value
 
Title Corruption Effects on Nigeria: Aggregate and Sectoral Estimates Using VAR
 
Creator Alenoghena, Raymond Osi
Evans, Olaniyi
 
Subject D73; D74; O43.
Corruption; Corruption effects; VAR estimates.
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Description This research study investigates the impact of corruption on some key activity sectors of the Nigerian economy between 1996 and 2013 using VAR technique. The empirical estimates demonstrate that corruption affects most significantly agriculture, services, wholesale and retail sectors in Nigeria. As well, the study shows that the control of corruption has significant effect in the reduction of corruption. The study recommends that Nigeria can use an amalgamation of ethics hotlines for reporting corruption, open-door policies to embolden subordinates to consult with bosses for guidance, a “zero-tolerance” policy for breaches, anticorruption training sessions, and complete transparency in governmental operations to minimalize infractions. Nigeria will require strong political will and vision, credibility, frontal assault, new staff, deregulation, unconventional methods, close coordination, harnessing technology and tailoring international experience to local conditions.
 
Publisher LAR Center Press
 
Contributor —
 
Date 2015-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://journalofeconomics.org/index.php/site/article/view/94
10.18533/jefs.v3i02.94
 
Source Journal of Economic & Financial Studies; Vol 3, No 03 (2015): June; 41-48
2379-9471
2379-9463
 
Language eng
 
Relation http://journalofeconomics.org/index.php/site/article/view/94/152
 
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Rights Copyright (c) 2015 Raymond Osi Alenoghena, Olaniyi Evans
http://creativecommons.org/licenses/by-nc/4.0