Corruption and the Investment Climate in Nigeria

Corruption and the Investment Climate in Nigeria
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尼日利亚的腐败与投资环境

DOI:
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发表时间:
2011
期刊:
Journal of economics and sustainable development
影响因子:
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通讯作者:
A. O. Adesile
A. O. Adesile
中科院分区:
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文献类型:
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作者:
A. Joseph;A. Mauton;A. O. Adesile

文献摘要

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穷人和富人出于不同的原因从事腐败。腐败降低了投资的有效性,因为最初预算用于实现实际经济增长的公共资金被窃取了。腐败给增长过程带来了额外的成本,因为它将稀缺资源从可行的投资中分流出来。它增加了与投资相关的不确定性和风险程度,并赶走了新的投资。这项研究分析了腐败对尼日利亚投资的影响。研究数据使用普通的最小二乘法进行分析。研究显示,尼日利亚的清廉指数排名较低,这意味着腐败程度较高,这导致尼日利亚的投资较少,从而导致经济增长缓慢。这项研究建议对所有人实施反腐败政策,以提高治理的透明度和问责制,这反过来将导致CPI排名更高,开放程度更高,投资更高,经济增长更快。
The poor and the rich engage in corruption for different reasons. Corruption reduces effectiveness of investment due to theft of public funds initially budgeted for achieving realistic economic growth. Corruption imposes additional costs on growth process as it diverts scarce resources away from viable investment. It increases the degree of uncertainty and risk associated with investment and drives away new investment. This study analysed the consequences of corruption on investment in Nigeria. Data on the study were analysed using the Ordinary Least Square technique. The study reveals that low Corruption Perception Index ranking on Nigeria, which implies high level of corruption, leads to low investment and thus low economic growth in Nigeria. This study suggests application of anti-corruption policies on all and sundry to raise the degree of transparency and accountability in governance which in turn will lead to higher CPI ranking, higher degree of openness, higher investment and economic growth.