Ogu Musa Akwe, Mustapha Abdullahi Aliyu, Hussaini Usman
-, -
Abstract
This study investigates the effect of human capital development and corruption on economic growth in Nigeria. The study employed Augmented Dickey-Fuller (ADF) and Phillip Peron (PP) tests, Johansen Cointegration test and Error Correction Mechanism (ECM) to analyse the data spanning from 1996 – 2020 sourced from World Development Indicators (WDI) and Transparency International. The empirical results show that human capital development has a significant negative effect on economic growth while corruption has a significant positive effect on GDP per capita. The results further reveals that the interaction variable has a negative and significant effect on economic growth in Nigeria. Therefore, the study conclude that human capital development and corruption have significant effect on economic growth in Nigeria. The study recommends among others that government should strengthening institutions of Economic and Financial Crime Commission (EFCC), Independent and Corrupt Practices Commission (ICPC) and Court of Conduct Bureau (CCB) in Nigeria.
Keywords: ADF, ECM, TROP, Economic growth.
Journal Name :
EPRA International Journal of Economics, Business and Management Studies (EBMS)

VIEW PDF
Published on : 2023-01-12

Vol : 10
Issue : 1
Month : January
Year : 2023
Copyright © 2023 EPRA JOURNALS. All rights reserved
Developed by Peace Soft