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UPSI Digital Repository (UDRep)
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| Total records found : 1 |
| Simplified search suggestions : Joseph David |
| 1 | 2025 Thesis | The influence of corruption and the underground economy on the relationship between oil rent and economic growth in Negeria Joseph, David This study examines whether the effect of oil rent on economic growth in Nigeria
depends on the levels of corruption and the size of the underground economy (UE) over
the period 1990-2022. Relying on the Sachs-Warner resource‑curse theory, it employs
the autoregressive distributed lag (ARDL) approach, as well as the fully modified
ordinary least squares (FMOLS), canonical cointegration regression (CCR), and
dynamic OLS (DOLS) estimators. The estimation results show that oil rent contributes
positively to both short- and long-term growth, whereas reductions in corruption and
an expanding UE exert immediate and sustained negative effects on growth. Moreover,
the study reveals that the impact of oil rent on growth varies with both the level of
corruption and the size of the UE. Specifically, the marginal effect of oil rent on growth
is positive when corruption is low or the UE..... 3 hits |