Cost of Governance on Economic Development in Nigeria

Cost of Governance on Economic Development in Nigeria

Article ID

679D2

Cost of Governance on Economic Development in Nigeria

Dr. Stephen Ejuvbekpokpo Delta State University, Abraka, Nigeria.

DOI

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Abstract

The study aims at investigating the impact of cost of governance on economic development in Nigeria. Cost of governance is captured by recurrent and capital administrative expenditures, while gross domestic product is used as a proxy for economic growth. Using data from 1970 to 2010 and the Ordinary Least Squares (OLS) technique of analysis, the study reveals that cost of governance hampers economic development in Nigeria. Therefore, there is the need to place institutional constraints on public office holders and technocrats in order to minimize the extraction of rent from the state and enhance the availability of public funds for development projects and vital sectors of the economy

Cost of Governance on Economic Development in Nigeria

The study aims at investigating the impact of cost of governance on economic development in Nigeria. Cost of governance is captured by recurrent and capital administrative expenditures, while gross domestic product is used as a proxy for economic growth. Using data from 1970 to 2010 and the Ordinary Least Squares (OLS) technique of analysis, the study reveals that cost of governance hampers economic development in Nigeria. Therefore, there is the need to place institutional constraints on public office holders and technocrats in order to minimize the extraction of rent from the state and enhance the availability of public funds for development projects and vital sectors of the economy

Authors

Dr. Stephen Ejuvbekpokpo Delta State University, Abraka, Nigeria.

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How to Cite

Dr. Stephen Ejuvbekpokpo. 1970. “. Global Journal of Management and Business Research – B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B13): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

GJMBR Volume 12 Issue B13
Pg. 19- 24

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Classification

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Submission Received December 8, 2011
Accepted January 1, 2012
Published January 15, 2012

Keywords

economic development Governance Nigeria weak Institutions

Article Matrices

Total Score: 106

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Dr. Stephen Ejuvbekpokpo (PhD/Dr. count: 1)

View Count (all-time): 124

Total Views (Real + Logic): 21282

Total Downloads (simulated): 11156

Publish Date: 1970 01, Thu

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Total Downloads: 11156

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