Abstract: Nigeria's economy as at today is facing serious economic challenges. This study investigated the effect of corruption on economic growth from productivity perspective in Nigeria using annual aggregate data from 1980 to 2014. A Generalized Method of Moments (GMM) technique was explored. Empirical results showed mixed outcomes. First, openness to trade, law and order, national system of innovation and corruption had a long-run relationship with productivity growth. Second, while capital expenditure was vulnerable to corruption, fitted productivity growth and consumers tastes influenced economic growth positively. Corruption from this perspective reduced the efficiency of labour and capital productivity. The paper therefore recommends that government should intensify its efforts at promoting the structures that promotes productivity and at the same time check unproductive expenditure on projects.
Keywords: Corruption, economic growth, productivity, cointegration, capital expenditure.
Title: Analysis of Corruption from Productivity Growth Perspective: Implications on Economic Growth
Author: Ogunlana Olarewaju Fatai, Olohunlana Dapo Somod
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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