Role of Governance in Explaining Domestic Investment in Nigeria

Akanbi, Olusegun Ayodele

doi:10.1111/j.1813-6982.2012.01320.x

Cited by 18 publications

(16 citation statements)

References 18 publications

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“…The governance index was sourced from the Worldwide Governance Indicators. The methodology adopted in deriving index for governance for this study follows the line of thought in Akanbi (2012) when measuring governance. Given this, the worldwide governance indicators developed by Kaufmann, Kraay and Zoido-Lobaton (1999a) were utilised.…”

Section: Discussionmentioning

confidence: 99%

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Government Expenditure in Nigeria: Determinants and Trends

Akanbi¹

2014

MJSS

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Section: Discussionmentioning

confidence: 99%

“…To capture governance in a broader context, the average value of the six elements in the governance indicators is used. See Akanbi (2012) for detailed analysis on derivation of governance series.…”

Section: Discussionmentioning

confidence: 99%

Government Expenditure in Nigeria: Determinants and Trends

Akanbi¹

2014

MJSS

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“…The indices cover a broad range of policy and institutional outcomes for a large number of countries, and include the rule of law, corruption control, government effectiveness, regulatory quality, voice and accountability, and political instability. These indices are also employed in Globerman and Shapiro (2002) and Akanbi (2012) as a measure of governance.…”

Section: Measuring Governancementioning

confidence: 99%

Structural and Institutional Determinants of Poverty in Sub-Saharan African Countries

Akanbi

2014

Journal of Human Development and Capabilities

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The conventional policy models designed to tackle poverty have not been able to address the peculiar socio-economic and institutional conditions of the country or region in perspective. Much of the literature focuses on the macroeconomic determinants of poverty, leaving out non-economic factors that could be more important. In this milieu, this study empirically examines the relationship between governance, physical infrastructure, and the level of poverty in sub-Saharan Africa. The estimations are based on a panel of 19 selected sub-Saharan African countries over the period 1990-2010 using the two-stage least-squares estimation techniques. The results from the estimations portray robust parameter estimates and suggest that governance and infrastructure are significant determinants of poverty in the region. Furthermore, the study tends to detect that a sustainable level of poverty could be attained at particular governance and infrastructure rating after controlling for the level of gross domestic product and other factors across the region. Therefore, countries with better governance and infrastructure ratings will achieve lower poverty levels, and poverty tends to converge as physical infrastructure improvement and better governance are pursued.

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“…Eregha (2011) showed that FDIs have a positive impact on domestic investment and economic growth in the African countries. Akanbi (2010) observed that the domestic investment provides more employment opportunities than the FDIs. Montek (2002) and Villa (2008) find that the causality runs from domestic investment to economic growth in India and Italy, respectively.…”

Section: Literature Reviewmentioning

confidence: 99%

Consumption vs. Investments for stimulating economic growth and employment in the CEE Countries – a panel analysis

Rădulescu

Şerbănescu

Sinisi

2019

Economic Research-Ekonomska Istraživanja

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The aim of this paper is to find out if the high economic growth rates achieved by the CEE countries are based either on consumption or on investments, considering many exogenous factors that impact on the economic growth and how these factors can contribute to the employment process in the CEE economies to stress if these trends of economic growth and employment are sustainable in the long run. We performed two Panel Least Squares and Pool Least Squares estimations to determine the impact of the exogenous variables on the economic growth (as GDP per capita growth) and on the unemployment rate in the short and long run, depending on the lags of the exogenous variables used in the analysis. We used yearly data series during 2004-2017 for eight selected CEE countries. Our results show that private consumption is positively related with economic growth in the short run, but it doesn't support the job creation process, in the same way as the savings rate can't determine positive effects on the employment. Public spending is strongly and negatively correlated with economic growth and positively correlated with the unemployment rate in the CEE region, while the net export is weakly impacting on the economic growth in the CEE region and doesn't support the employment process in this area. The impact of the domestic investments on the economic growth is weaker in the CEE area than the impact of both private and public spending, but they are positively correlated with the economic growth and negatively correlated with the unemployment rate, while the correlation of the foreign direct investments (FDIs) with both economic growth and unemployment is very weak, as it is the case of net exports. We conclude that the economic growth in the CEE area is mainly based on the private consumption in the short run but the private consumption doesn't support the job creation process either in the long run or in the short run. The qualitative factors included in the analysis by using global competitiveness index (corruption control, bureaucracy, infrastructure quality, governance effectiveness, political stability, ARTICLE HISTORY

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Role of Governance in Explaining Domestic Investment in Nigeria

Cited by 18 publications

References 18 publications

Government Expenditure in Nigeria: Determinants and Trends

Government Expenditure in Nigeria: Determinants and Trends

Structural and Institutional Determinants of Poverty in Sub-Saharan African Countries

Consumption vs. Investments for stimulating economic growth and employment in the CEE Countries – a panel analysis

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