IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v35y2022i1p4092-4112.html
   My bibliography  Save this article

An empirical investigation of the effect of corruption on domestic savings in Nigeria

Author

Listed:
  • Nurudeen Abu
  • Marcin Waldemar Staniewski

Abstract

This study assesses the impact of corruption on Nigeria’s domestic savings. To this end, an ARDL technique was employed to analyze quarterly data for the 1996–2019 period. We find evidence of a long-term relationship between domestic savings and corruption (along with income growth, income level, inflation rate, deposit interest rate, unemployment rate including oil price). The empirical results indicate that lowering corruption level raises domestic savings over the long-term. Other important factors that drive domestic savings over the long-run in Nigeria are income level, deposit interest rate, inflation rate, unemployment rate as well as oil price. Having established the major factors that affect domestic savings, some recommendations are offered to encourage saving mobilization in Nigeria.

Suggested Citation

  • Nurudeen Abu & Marcin Waldemar Staniewski, 2022. "An empirical investigation of the effect of corruption on domestic savings in Nigeria," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 4092-4112, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:4092-4112
    DOI: 10.1080/1331677X.2021.2010113
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2021.2010113
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2021.2010113?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hebatalla Atef Emam, 2024. "Examining Monetary Policy Cyclicality in Egypt during Crisis Time: Global Financial Crisis versus COVID-19 Pandemic," International Journal of Economics and Financial Issues, Econjournals, vol. 14(1), pages 107-116, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:4092-4112. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.