Political Regime Types and Economic Development in Nigeria: Significance of Conflict and Corruption

Okunlola, Olalekan Charles

doi:10.1177/0260107918769539

Cited by 9 publications

(11 citation statements)

References 58 publications

(60 reference statements)

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“…It is argued that democracy promotes economic growth since governments often put up growth-enhancing infrastructure (Doces, 2020), supports foreign direct investments and entrepreneurial development (Asiedu, 2016), and enhances political rights, civil rights, human rights, and rule of law for its citizens (Veisi, 2017).On the other hand, authoritarian rule reduces growth since it is associated with wastage of resources and corruption in other to get the political loyalty of the population (Zaloznaya, 2015). However, some researchers have noted that "countries with dictatorships have been predicted to grow as rapidly as democracies, perhaps even faster" (Okunlola, 2019;184). In this accord, it can be posited that the effect of a particular political regime on economic growth may differ from country to country.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They, however, concluded that evidence for or against the resource curse hypothesis is dependent on the prevalence of specific conditions. Although the effect of political regime on economic growth has been examined empirically for different countries and regions with varied outcomes (Doces, 2020; Okunlola, 2019), there is little evidence on how regime type interacts with natural resources to influence economic growth. It is in this regard that the study analyses the effect of the interaction between natural resource and political regime on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Natural resources and economic growth: Does political regime matter for Tunisia?

Kwakwa

Adzawla

Alhassan

et al. 2021

Journal of Public Affairs

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The discussion on the effect of natural resources on economic growth remains a contentious issue of scientific research. An emerging issue to this discussion is the role of political regime in determining the nature of the growth and natural resource nexus. Consequently, this study examines the effect of natural resources on the economic growth of Tunisia and how the country's political regime moderates this relationship using annual time series data over the 1970–2017 period. Regression analysis established that in the long‐run natural resources generally have positive effects on the country's economic growth, while political regime has mixed effects on economic growth. The interaction between political regime and resources indicates democracy enhances the positive gains from natural resources on economic growth although in the short run, the outcome is mixed. The effects of specific natural resource (oil, mineral, and forest rents) on sectoral growth are positive. Political regime interacts with oil, mineral, and forest rents to propel growth in the agricultural sector. The study concludes that democratic regime is crucial for the effective utilization of resources for long‐run economic growth in the country. Beyond natural resource abundance examined in this study, there is a further need to analyze the extent to which the economy relies on these natural resources and its effect on the economy in future studies. This would elucidate the “natural resource blessings” estimated in this study. The role of other measures of institutional quality on the subject matter can be explored in Tunisia and other countries in future studies.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Natural resources and economic growth: Does political regime matter for Tunisia?

Kwakwa

Adzawla

Alhassan

et al. 2021

Journal of Public Affairs

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“…However, CIV-CONF was relatively low between 1985 and 1999. After the advent of democracy in 1999, there was a sudden increase in violence in Nigeria (see Okunlola, 2019). Also, in 2010, there was a surge in violent conflict in Nigeria (see Figure 3), particularly in the northeast region.…”

Section: Conflict and Trade: The Situation In Nigeriamentioning

confidence: 99%

Contingencies in the relationship between trade and internal conflict in Nigeria: the role of the quality of the political institution

Okunlola¹

2022

IJSE

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PurposeThis paper empirically tests the relationship between conflict and trade in Nigeria from 1986 to 2017.Design/methodology/approachThis study made use of secondary data. Time-series data were collected from CBN Statistical Bulletin, WDI of the World Bank, MEPV of the Centre for Systemic Peace database, Stockholm International Peace Research Institute, political risk ratings of the ICRG, Freedom in the World Country Ratings of Freedom House, and ACLED database. This study used descriptive and econometrics techniques to analyze the data. It adopted the IV-GMM techniques.FindingsThe study found that domestic trade has a negative and significant effect on internal conflict in Nigeria. International trade, on the other hand, does not affect internal conflict. In addition, the interaction of trade and institutions shows that more civil liberties (CL) and lower corruption (COR) complement the effect of domestic and international trade in reducing hostilities in Nigeria over the study period.Research limitations/implicationsThe main limitation of this study is the inaccessibility of data. This study could not access the data on the volume of domestic trade in Nigeria. The study employed value-added tax on all domestic transactions in Nigeria as a proxy for domestic trade in the country. The study recommends that further studies should access the data on the volume of domestic trade as this could help further understand the relationship between domestic trade and internal conflict in Nigeria.Practical implicationsSince the improved domestic trade reduces internal conflict in Nigeria, the government should formulate policies that facilitate trade. Improving anti-graft efforts and CL will ease the process of formulating trade policies and increase the impact of domestic trade on internal conflict. Furthermore, these will reduce trade barriers and transaction costs. This can be achieved if the government strengthens its anti-COR agencies by making them more autonomous. CL can also be increased by enhancing voice and accountability in the country.Originality/valueThis study advances the literature by examining the role political–institutional quality plays in the relationship between trade and conflict.

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“…15 (Okunlola 2018) How do political regimes moderate the relationship between corruption and economic development?…”

Section: Ndmentioning

confidence: 99%

Corruption in economics: a bibliometric analysis and research agenda

Bahoo

Alon

Floreani

2020

Applied Economics Letters

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We conducted a bibliometric analysis of the literature on corruption in the discipline of economics (4,488 articles) over the past 51 years between 1968-2019. Through this methodology, we identified seven research streams: (1) the economic framework of crime and corruption, (2) the legal institutions and corruption, (3) the effect of corruption on aspects of national economics, (4) the combating and monitoring of corruption, (5) the determinants of corruption, (6) political institutions and corruption, and ( 7) the effect of corruption on firms. In addition to these research clusters, we also identified the key journals, articles, countries, institutions, authors, data sources, measurements, theoretical frameworks, and networks dealing with this issue. Finally, we suggested 20 future research questions.

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Political Regime Types and Economic Development in Nigeria: Significance of Conflict and Corruption

Cited by 9 publications

References 58 publications

Natural resources and economic growth: Does political regime matter for Tunisia?

Natural resources and economic growth: Does political regime matter for Tunisia?

Contingencies in the relationship between trade and internal conflict in Nigeria: the role of the quality of the political institution

Corruption in economics: a bibliometric analysis and research agenda

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