Volume 1, Issue 1, September 2017, Page: 10-21
Influence of Corruption on Economic Development in Nigeria
Augustine Okon Jacob, Department of Management, School of Management Science, Heritage Polytechnic, Eket, Nigeria
Okon Joseph Umoh, Department of Economics, University of Uyo, Uyo, Nigeria
Received: May 12, 2017;       Accepted: May 27, 2017;       Published: Jul. 10, 2017
DOI: 10.11648/j.jppa.20170101.12      View  1608      Downloads  116
Abstract
A vital aspect of economic analysis lies in its wealth of tools. These tools often enable economists to widen the frontiers of their analytical concerns to issues that have important economic implications, even though they may not be strictly economic in nature. Corruption is an example of such an issue. The effect or magnitude of corruption had varied among different societies and in different historical epochs. In recent times, this issue has assumed such a salient dimension as a social problem in some Less Developed Countries that discussion of it cannot be ignored in a paper of this nature. It is the writer’s contentions that economics analysis is particularly well equipped to study the complicities of corruption because it can generate more comprehensive operational policy proposal for its solution. In this paper, therefore this study intend to define corruption, economic effects of corruption, corruption on development, Nature of corruption in Nigeria, causes of corruption, consequences of corruption, economic development, political and social development, the out of corruption.
Keywords
Corruption Rank, Economic Development, Economic Growth, Nigeria
To cite this article
Augustine Okon Jacob, Okon Joseph Umoh, Influence of Corruption on Economic Development in Nigeria, Journal of Public Policy and Administration. Vol. 1, No. 1, 2017, pp. 10-21. doi: 10.11648/j.jppa.20170101.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Reference
[1]
Bardhan, P. (1997). "Corruption and Development: A Review of Issues." Journal of Economic Literature 35: 1320-1346.
[2]
Alesina, A., and Weder, B., (1999). Do Corrupt Governments Receive Less Foreign Aid, NBER Working Paper?
[3]
Abimbola, A. (2007). Nigeria: Cesspits of Corruption. This Day Newspaper (Lagos) Analysis 19 June 2007.
[4]
African Economic Outlook (2006). Nigeria. African Economic Outlook 2005-2006. Retrieved on the 20 the April 2007 on http://209.85.129.104/www.oecd.org/dev/publications/africanoutlook.
[5]
Gurley, J. G (1976) China’s Economy and the Marist strategy New York Monthly Review Press.
[6]
Dike, V. E (2005). Corruption in Nigeria: A New Paradigm for Effective Control. Africa Economic Analysis. Retrieved on 1st August 2007 from http://www.jsdafrica.com/Jsda/Summer1999/articlespdf/ARC%20%20A%2.
[7]
Sidel, R. F and Victor I. (1973) serve the people: Observations on medicine in the people republic of China, New York; Josiah Macey Jr Foundation.
[8]
Alats, S. H. (1968). The sociology of corruption. The Nature, Function, Causes and Prevention of Corruption Singapore: Hoongfath Press.
[9]
Sen, A. K (1999). Choice of Techniques.
[10]
Acemoglu. D. and Verdier T. (2000). The choice between market failure and corruption. American Economic Review 90 (March), pp. 194 – 211.
[11]
Ehrlich, (1973). Participation in illegitimate Activities; A theoretical and empirical investigation, Journal of Political Economy, Vol. 81, pp. 521 -565.
[12]
Balasa, B. (1985). "Exports, policy choices, and economic growth in developing countries after the 1973 oil shock." Journal of Development Economics 18: 22-35.
[13]
Lash, N. (2003) Corruption and Economic Development. Research Paper, Loyola University Chicago, Unpublished. http;/sab.luc.ed/research/inpaper/03519/pdf08.05.05.
[14]
Rodney, W. W (2003). The five stages of growth development and underdevelopment; the political economy of global inequality, 3rd ed pp. 123 – 131 eds seligson, Michelle and John Passen-Smith Boulder, co: hynne lienner publishers.
[15]
Tanzi, V., Davodi, B., and Sesan, A. (2006). Fighting Corruption in Nigeria Challenges for the future. PPC Ibadan.
[16]
Femi Odekunle (1983) Nigeria: Corruption and Development. Ibadan University Press. Ibadan.
[17]
Becker G. S and Laudes (1974) Essays in Economics of crime and punishment. Colombia University Press for National Bureau of Economic Research New York.
[18]
Prasad, A. (2003). The gaze of the other: Postcolonial theory and organizational analysis. In postcolonial Theory and organizational analysis; A critical engagement. Palgrave New York.
[19]
Tolu L and Ogunro K. V (2012). “Combating corruption in Nigeria”. International Journal of Academic Research in Economics and Management Sciences. 1(4): 2226-3624.
[20]
Mauro. P. (1998) Corruption and the composition of government expenditure. Journal and the Public Economics 69: 263 – 279.
[21]
Osunyikanmi, P. O. (2007). “Development Implication of Nigeria’s Economic Crisis”. Journal of Development Perspective. 2(1): 34-59.
[22]
Tirole, J. (1996). "A Theory of Collective Reputations." Review of Economic Studies 63: 1-22.
[23]
Ubeku, A. K. (1991). The Social and Economic Foundations of Corruption and Other Economic CBN (2006b). 2006 annual Report”, Abuja: Central Bank of Nigeria.
[24]
Scott C. V. (1995). Gender and development Rethinking modernization and development theory; Boulder, Co; Lyme Rienner Publishers.
[25]
Ngouo, L. (2000). Responsibility and Transparency in Organization in Cameroon. Makandala, R. S [ed], African Public Administration Zimbabwe APPS Books. Kuwait Chapter of Arabian Journal of Business and Management Review Vol. 3, No.2; Oct. 2013.
[26]
Okonkwo, R (2007). Corruption in Nigeria: A Historical Perspective (1947 - 2002). African Unchained. Retrieved from http://africaunchained.blogspot.com/2007/09/corruption-innigeriahistorical.html.
[27]
African Development Bank (ADB), African Development Report 2001. Abijan ADB. Chapter 3.
[28]
Akindele, S. T. (1990). Corruption and Economic Retardation: A Retrospective Analysis of Nigeria’s Experience since Independence. Readings in the Political Economy of Nigeria since Independence, Bamisaye, O. A. (Ed.). Lagos Ventures Limited, Nigeria.
[29]
Adewale, S. B. (2011). “The crowding-out effects of corruption in Nigeria: An empirical study”. E3 Journal of Business Management and Economics. 2(2). 059-068.
[30]
Maduagwe, M. O. (1996). Nigeria in search of political culture. The Political Class, Corruption and Democratization. In Corruption and Democratization Nigeria, 13. 18-19 (Alex Gboyega ed., 1996).
[31]
Mandapaka, R. M. (1995). Multiple Equilibria and Dynamics in a Model of Corruption with Occupational Choice. Economics. New York, State University of New Work at Stoney Brook.
[32]
Nwabuzor, A. (2005). Corruption and Development: New Initiatives in Economic Openness and Strengthened Rule of Law. Ethics, a publication of Springer Volume 59, Number 1, June 2005, pp. 121-138 (18).
[33]
Imohe, E. E. (2005). Nigeria’s Progress in Curbing Economic Corruption. A Paper Presented at a Forum organized by the Society of Government Economists. Washington, DC 27th September, 2005.
[34]
Madichie N. O. (2005). Corruption in Nigeria: how effective is the corruption perception index in highlighting the economic malaise? World Review of Science, Technology and Sustainable Development 2005 -Vol. 2, No.3/4 pp. 320 - 335.
[35]
Ekelund, Robert B. Jr. and Hebert Robert F, (1997). A History of Economic Theory and Method.
[36]
Fabayo, J. A., Posu, S. M. A., and Obisanya, A. A (2011). “Corruption and the Investment Climate in Nigeria”. Journal of Economic and Sustainable Development. 2(4).
Browse journals by subject