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679D2
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.
Dr. Stephen Ejuvbekpokpo. 1970. \u201cCost of Governance on Economic Development in Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B13): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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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): 178
Total Views (Real + Logic): 21358
Total Downloads (simulated): 11063
Publish Date: 1970 01, Thu
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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.
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