Original scientific paper
https://doi.org/10.1080/1331677X.2021.2010113
An empirical investigation of the effect of corruption on domestic savings in Nigeria
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.
Keywords
Domestic savings; corruption; ARDL; Nigeria
Hrčak ID:
302691
URI
Publication date:
31.3.2023.
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