Main Article Content
The study is about conduit mentality and the Nigerian economy. Conduit mentality was proxied by annual values of aggregate illicit funds, then the economy was proxied by Educational level (EDU), Standard of living and Health in Nigeria over the period of 1996 to 2018. The research design is expost facto, for our analysis, we used the Autoregressive Distributed Lag Method of regression Analysis. Our result showed that, as expected, the relationship that exists between the dependent and independent variables are negative. We discovered that corruption as proxied by illicit funds is a serious issue in Nigeria and must be tackled if we intend to develop our economy as desired.
Uwak R, Udofia O. Fund diversion, misappropriation and economic development in Nigeria. International Journal of Economics and Management. 2016;5(9):67-79.
Adefulu AR. Neo patrimonialism the modern African state and corruptions syndrome. A theoretical and empirical consideration in corruption and the challenge of human development. Babcock University Press: School of Management and Social Sciences. 2007;4(2).
Iyanda DO. Corruption: Definition, theories and concept. Arabian Journals of Business and Management Reviews. 2012;2(4):37-46.
Weber O. Corruption practices and its effect on development process of the economy. Ansan and Rose publication. Washington western road, 1st edition; 1979.
Paron A. Social action theory: Hansen publication, 34 western road. 3rd edition; 1995.
Hallen L, Ching Y. Determinant of social and moral behaviour in China. International Journal of Development Finance. 2011;4(2):45-56.
Onakoya A, Folorunsho I. Corruption and economic growth nexus: The Nigerian parody. Yobe journal of economics (YOJE). 2015;2(2).
Agbodohu W, Churchill RQ. Corruption in Ghana: Causes, consequences and cures. International Journal of Economics, Finance and Management Sciences. 2014;2(1):92-102.
Nageri KI, Umar G, Abdul FA. Corruption and economic development: Evidence from Nigeria. Kuwait Chapter of Arabian Journal of Business and Management Review, 2013;3(2):46-56.
Bakare SB. The crowding-out effect of corruption in Nigeria: An empirical study. Journal of Business Management and Economics. 2011;2(2):059-068.
Oguonu E, Ezeibe O. Political corruption and economic growth in Nigeria. Mediterranean Journal of Social Sciences MCSER Publishing, Rome-Italy. 2014;6(3):42-49.
Nwankwo O. Impact of corruption on economic growth in Nigeria. Mediterranean Journal of Social Sciences MCSER Publishing, Rome-Italy. 2014;5(6):41- 47.
Ade AO, Babatunde H, Awoniyi MA. The relationship between corruption, foreign direct investment and economic growth in Nigeria. An empirical investigation. Journal of Research in International Business and Management. 2011;1(9):278-292.
Elliott, et al. Stationary test in econometric. Journal of Econometrics and Finance; 1996.
Pesaran et al. Financial econometrics. International Journal of Economics and Finance. 2001;4(8):90-101.