The Dynamics of Corruption, Human Capital Development and Economic Performance in Nigeria

Abstract

This study examined the relationship among corruption, human capital development and Nigeria's economic performance with the motivation to answer questions linked to empirical data reported in recent literature. The study deployed the Auto Regressive Distributed lag (ARDL) to test the short-run and long-run relationship among dependent and independent variables using annual time series data from the World Bank's Development Indicators and the Central Bank of Nigeria over the period 1982 to 2020. Stemming from the empirical results, the short-run estimates revealed that human capital development, gross fixed capital formation, and government expenditure exert a positive and statistically significant impact on Nigeria's economic performance. However, the long-run estimation results indicate that corruption, government expenditure and trade openness exert a negative impact on economic performance. In the nutshell, economic performance responds negatively to changes in the country's level of corruption overtime. Nevertheless, it reacts positively to the changes in human capital development in the long-run. This implies that, with the availability of appropriate policies and resources, human capital development has the potential to massively enhance Nigeria's economic performance in the long-run. The nature of linkage between corruption and economic performance through human capital development remains less defended in the economic and social literature.

The Mediating Role of Governance in Foreign Direct Investment Inflows and Economic Performance Nexus: New Evidence from Nigeria

“…As such, the coefficient of governance is expected to be positive. In addition, good governance is expected to have a positive impact on economic performance given that it raises consumer demand (through increased income) in an economy when aggregate demand is low (Lin, 1994;Onifade et al, 2020;Bakare & Ozegbe, 2021). The coefficient of trade openness is expected to be positive because trade openness brings about access to new inventions, technological advancement and creates employment opportunities which transcends into positive economic performance.…”

Adult Literacy Programme for Poverty Reduction

“…ResearcherssuchasDauda(2010)andTodaro( 2007),arguedthatanALPisacrucial elementofthehumancapitalfoundationthatincreasesproductivityandthecapacity toenhancetheleveloflivingstandardsofpeople. Bakare(2011),wasoftheopinion thatALPcontributetoeconomicgrowthandenablepeopletobecomeindependent, enhancetheirknowledge,becreativeandbetechnologicallyinnovative.Nationaland internationalunityispromotedthrougheducationduetoglobalisationandthrough ALP, the participants understand the constitution better and implement expected rolesofNamibiawithintheregionandtheworld.Also,ALPenablesparticipantsto contributetowardsnationaleconomicdevelopmentbecausewiththeacquiredincome generatingskills,theycanbecomelegibleforbusinessopportunitiesandprovision ofjobs.Italsoservesasawarenesstobiodiversitythatleadstoactiveparticipation torespondtoclimatechangeinthecountry.Participantslearnhowtopreserveand sustain the natural environment, which could be argued to be a necessary effort if peoplearetobeliberatedoutofpoverty (Shalyefu,2014). Masood (2011), stated that the large structural changes are threatening new polarizations between the knowledge-haves and knowledge have-nots, thus opportunities for learning later in life depend heavily on the entry qualification in education.Investmentinadulteducationandtrainingprogrammesarestrategiesthat serve to address these social and economic inequalities by giving lasting payback fortherecipient,andthecountry (Njong,2010).Theexpertiseandcompetenciesof the community are a main aspect in financial performance and achievement at the enterprisestagethatcontributestodevelopment.Thus,thepositivecontributionsmade byALParemonetary,healthbenefitsandsocietalvalues.…”