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CORRUPTION AND POPULATION INCREASE IN NIGERIA: ANALYSIS OF THEIR IMPACT ON SELECTED MACROECONOMIC VARIABLES

. Anthony Orji (Phd), Jonathan E. Ogbuabor (Phd), Onyinye U. Dunu, Peter N. Mba (Phd) and Onyinye I. Anthony-Orji (Phd)


Abstract

This study analysed the impact of corruption and population growth on two selected macroeconomic variables in Nigeria. The results from the Multiple Regression Estimations show that population growth has significant impact on both unemployment and economic growth. Corruption control (CC) variable on the other hand, was found to decrease unemployment and increase economic growth. Furthermore, the findings revealed a long-run relationship among the variables of interest in the models. Therefore, based on these findings, the study recommended amongst others, that government should enact appropriate policies that will reduce unemployment and sustain steady economic growth. Furthermore, state institutions and mechanisms for corruption control should be strengthened in order to reduce the negative impact of corruption on the economy. Finally there is need to enact and implement good investment policies aimed at attracting more domestic and foreign investments in the country since investment and manpower development are major ingredients for rapid and sustainable productivity and growth in the economy.

Keywords: Population Growth; Corruption; Unemployment; Economic Growth

JEL Classification:   D73, E24, F43, O47, Q56

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