THE IMPACT OF CORRUPTION ON NIGERIA’S ECONOMIC DEVELOPMENT: AN ERROR CORRECTION MECHANISM (ECM) APPROACH (1996-2017)
Abstract This research investigates the impact of corruption on Economic growth in Nigeria from 1996-2017. Data were collected from the Central Bank of Nigeria Statistical Bulletin, Debt Management office and Transparency International. The study examines the stochastic characteristics of each time series by testing their stationarity using Augmented Dickey-Fuller (ADF) test. The study also employed ECM for estimation. Variables used ...