Staff View: The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]

The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]

Poverty, institutional quality, and economic growth are all crucial to a country's development and have garnered attention from scholars and policymakers over the years. This study looked at the relationship between poverty, institutional quality, and economic growth in Nigeria from 1996 to 201...

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Main Authors:	Olawale, Adebowale Mojeed, Kehinde, Joseph Elizabeth, Lola, Gold Kfilah, Agboola, Yusuf Hammed, Adebayo, Ojuolape Muhammed, Modupe, Ogunleye
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA Selangor 2023
Subjects:	HB Economic Theory. Demography Poor. Poverty Economic development. Development economics. Economic growth
Online Access:	https://ir.uitm.edu.my/id/eprint/94770/1/94770.pdf https://ir.uitm.edu.my/id/eprint/94770/ http://myjms.mohe.gov.my/index.php/JEEIR
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id	my.uitm.ir.94770
record_format	eprints
spelling	my.uitm.ir.947702024-06-25T09:08:09Z https://ir.uitm.edu.my/id/eprint/94770/ The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.] jeeir Olawale, Adebowale Mojeed Kehinde, Joseph Elizabeth Lola, Gold Kfilah Agboola, Yusuf Hammed Adebayo, Ojuolape Muhammed Modupe, Ogunleye HB Economic Theory. Demography Poor. Poverty Economic development. Development economics. Economic growth Poverty, institutional quality, and economic growth are all crucial to a country's development and have garnered attention from scholars and policymakers over the years. This study looked at the relationship between poverty, institutional quality, and economic growth in Nigeria from 1996 to 2018, applying the techniques of Fully Modified OLS (FMOLS) and Causality test. The two institutional quality variables that were used are rule of law and corruption control. Consequently, the study established that an increase in control of corruption (a corruptionfree environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people.. Universiti Teknologi MARA Selangor 2023-09 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/94770/1/94770.pdf The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]. (2023) Journal of Emerging Economies & Islamic Research <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_=26_Islamic_Research/>, 11 (3). pp. 94-108. ISSN 2289-2559 http://myjms.mohe.gov.my/index.php/JEEIR
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	HB Economic Theory. Demography Poor. Poverty Economic development. Development economics. Economic growth
spellingShingle	HB Economic Theory. Demography Poor. Poverty Economic development. Development economics. Economic growth Olawale, Adebowale Mojeed Kehinde, Joseph Elizabeth Lola, Gold Kfilah Agboola, Yusuf Hammed Adebayo, Ojuolape Muhammed Modupe, Ogunleye The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
description	Poverty, institutional quality, and economic growth are all crucial to a country's development and have garnered attention from scholars and policymakers over the years. This study looked at the relationship between poverty, institutional quality, and economic growth in Nigeria from 1996 to 2018, applying the techniques of Fully Modified OLS (FMOLS) and Causality test. The two institutional quality variables that were used are rule of law and corruption control. Consequently, the study established that an increase in control of corruption (a corruptionfree environment), GDP growth, government expenditure, and gross capital formation had reducing effects on poverty in the short run. Also, control of corruption had a negative effect on relative poverty, indicating that a corrupt free environment limits the spread of poverty in the country. Hence, it was recommended, amongst others to encourage people to do the right thing and prioritise basic human values such as honesty and integrity. Therefore, the government is advised to embark on mind orientation, especially in primary and secondary school, in order to build the future of the nation from the ground. Also, the administration and implementation of the rule of law and the judicial system of the nation should be revisited with the intention of causing them ( the law, the judicial system, and the institution governing the land) to favor the rights and good of the people..
format	Article
author	Olawale, Adebowale Mojeed Kehinde, Joseph Elizabeth Lola, Gold Kfilah Agboola, Yusuf Hammed Adebayo, Ojuolape Muhammed Modupe, Ogunleye
author_facet	Olawale, Adebowale Mojeed Kehinde, Joseph Elizabeth Lola, Gold Kfilah Agboola, Yusuf Hammed Adebayo, Ojuolape Muhammed Modupe, Ogunleye
author_sort	Olawale, Adebowale Mojeed
title	The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
title_short	The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
title_full	The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
title_fullStr	The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
title_full_unstemmed	The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]
title_sort	nexus between economic growth, institutional quality, and poverty in nigeria / adebowale mojeed olawale ... [et al.]
publisher	Universiti Teknologi MARA Selangor
publishDate	2023
url	https://ir.uitm.edu.my/id/eprint/94770/1/94770.pdf https://ir.uitm.edu.my/id/eprint/94770/ http://myjms.mohe.gov.my/index.php/JEEIR
_version_	1802981082954465280
score	13.211869

The nexus between economic growth, institutional quality, and poverty in Nigeria / Adebowale Mojeed Olawale ... [et al.]

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