The Demand For Corruption: A Case of Nigeria

The study examines the demand for corruption in Nigeria between 1991 and 2018. While there exist a vast number of literatures on the impact of corruption on several socioeconomic indicators, this study adds to the scanty existing literature on the demand for corruption from the Nigerian perspective. Applying the Autoregressive Distributed Lag Model (ARDL) estimation technique, findings show that both in the shortrun and long run, there exist a positive relationship between income levels, income inequality, unemployment rate and the demand for corruption in Nigeria. Also a negative relationship between poverty and the demand for corruption was found to exist both in the short and long run. Notably, income levels was found to significantly influence the demand for corruption in Nigeria both in the short and long run. The implication of the finding suggests that since higher income levels imply higher demand for corruption in Nigeria, government can significantly reduce the demand for corruption by reducing income inequality through wealth redistribution measures

Entrepreneurship, Capacity Development and Youth Employment Generation: A Study of Selected Sub-Saharan Africa Countries

This study examined entrepreneurship, capacity development and youth employment generation in 20 selected sub-Saharan African countries from 2005 to 2017. The study employed the fixed effect Panel estimator on the secondary annual data sourced for the study. Findings from the study can be considered in two categories. One, findings show that human capital development and institutional quality positively but insignificantly affect youth employment generation in the selected countries while macroeconomic instability is intuitively observed to exert a positively insignificant influence on youth employment generation. Two, findings also show that entrepreneurial activities and infrastructural development are important determinants of youth employment generation in the selected countries. The implication of these findings is that entrepreneurial activities and infrastructural development should be of concern to the government and policy makers as they are observed to be significant determinant of youth employment generation. Therefore, as a matter of policy implication/recommendation the government of these African Countries should ensure that the conclusion of this study is considered and implemented, increase expenditure on health and education in order to speed up human capital development, and make considerable effort to reduce the large informal sector by putting in place laws and rule that will ensure that the activities of the self-employed people are recognized and accounted for on a large scale

Entrepreneurship, Capacity Development and Youth Employment Generation: A Study of Selected Sub-Saharan Africa Countries

This study examined entrepreneurship, capacity development and youth employment generation in 20 selected sub-Saharan African countries from 2005 to 2017. The study employed the fixed effect Panel estimator on the secondary annual data sourced for the study. Findings from the study can be considered in two categories. One, findings show that human capital development and institutional quality positively but insignificantly affect youth employment generation in the selected countries while macroeconomic instability is intuitively observed to exert a positively insignificant influence on youth employment generation. Two, findings also show that entrepreneurial activities and infrastructural development are important determinants of youth employment generation in the selected countries. The implication of these findings is that entrepreneurial activities and infrastructural development should be of concern to the government and policy makers as they are observed to be significant determinant of youth employment generation. Therefore, as a matter of policy implication/recommendation the government of these African Countries should ensure that the conclusion of this study is considered and implemented, increase expenditure on health and education in order to speed up human capital development, and make considerable effort to reduce the large informal sector by putting in place laws and rule that will ensure that the activities of the self-employed people are recognized and accounted for on a large scale

Entrepreneurship, Human Capacity Development and Youth Employment Generation: A Study of Selected Sub-Saharan Africa Countries

This study examined entrepreneurship, human capacity development and youth employment generation in 20 selected sub-Saharan African countries from 2005 to 2017. We employed the fixed effect Panel estimator on the secondary annual data sourced for the study. Findings from the study show that entrepreneurial activities and infrastructural development are important determinants of youth employment generation in the selected countries. The implication of these findings is that entrepreneurial activities and infrastructural development should be of concern to policy makers, and well meaning private individuals as they are observed to be significant determinant of youth employment. More importantly, individual are required to posses refined skills to match the quality of infrastructural facilities in the work place. Therefore, as a matter of policy implication these African Countries should ensure that the conclusion of this study is considered and implemented, and make considerable effort to reduce the large informal sector by putting in place laws and rules that will ensure that the activities of the self-employed people are recognized and accounted for on a large scale

Political Elites’ Corruption, Political Stability and Economic Growth in Nigeria: Bound Testing Approach

This paper investigated the impact of political elites’ corruption and political stability on economic growth in Nigeria using ARDL bound test approach. The study adopts annual time series data for the period of 1996-2017. The stationarity properties of the variables were tested using Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) tests. Result from the bound test reveals that corruption exact a negative and significant impact on economic growth both in the short and long run, while political stability exact a positive and significant impact on economic growth in the short run but an insignificant impact in the long run. This finding revealed that political stability which includes stability in government, absence of internal, external and ethnic conflict/tension promote economic growth in Nigeria in the short run while corruption was found to contribute to the Nigerian economy by reducing cumbersome bureaucratic control. In the light of the findings, the paper recommend that political elites’ should be cautioned for desperation of power and common/public interest of the society should supersede individual interest

Modelling the Global Prevalence of COVID-19: An Econometric Approach

Nearly all economies of the world suffered from the sudden outbreak of the coronavirus pandemic emanating from Wuhan City of China to the rest of the world. A number of studies have been conducted to investigate the drivers of the spread of the viral infection. We differ from existing studies by employing a cross-sectional quantile regression approach to uncover socio-economic conditions that are instrumental in the spread of COVID-19 in Africa, Asia, America and Europe. Across the continents, we observed that life expectancy, the size of the aged population and spending on the health sector have significant impacts on the spread of COVID-19. We also noted the specific roles of out-of-pocket spending, net migration and tourism attraction for Africa, America and Europe, respectively, in driving the viral spread. We therefore draw policy implications in terms of the need for improved spending on health sector across continents and the need to intensify health checks for travelers and immigrants, and also the need to emphasize regular check-ups for all individuals across continents since current realities have shown that no age-group is spared of contracting the viral infection

Entrepreneurship, Human Capacity Development and Youth Employment Generation: A Study of Selected Sub-Saharan Africa Countries

This study examined entrepreneurship, human capacity development and youth employment generation in 20 selected sub-Saharan African countries from 2005 to 2017. We employed the fixed effect Panel estimator on the secondary annual data sourced for the study. Findings from the study show that entrepreneurial activities and infrastructural development are important determinants of youth employment generation in the selected countries. The implication of these findings is that entrepreneurial activities and infrastructural development should be of concern to policy makers, and well meaning private individuals as they are observed to be significant determinant of youth employment. More importantly, individual are required to posses refined skills to match the quality of infrastructural facilities in the work place. Therefore, as a matter of policy implication these African Countries should ensure that the conclusion of this study is considered and implemented, and make considerable effort to reduce the large informal sector by putting in place laws and rules that will ensure that the activities of the self-employed people are recognized and accounted for on a large scale