Browsing by Author "John Adejare ALABI"

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    Capital Flight, Institutional Qualities and Economic Growth in Nigeria
    (Lead City University, Ibadan, 2024-12) John Adejare ALABI
    Nigeria is seen as a country where the issue of illicit capital flight and emigration of professionals threatens the growth and development of the country, as a result of weak institutional qualities. With these, the growth prospects of the economy are hindered. The objective of the study is to analyze the relationship among capital flight, institutional qualities and economic growth in Nigeria, between 1986-2022. The study relied on annual secondary data, sourced from the World Bank Development Indicator, (2022), Central Bank of Nigeria Statistical Bulletin (2022) and Annual Abstracts of Statistics, and Bureau of Statistics (2022). Descriptive Statistics, such as graphs were employed to examine the trend of the variables employed. Autoregressive Distributed Lag (ARDL) was employed to examine the combined effects of capital flight and institutional qualities on economic growth. The trend analysis showed upward and downward trends. The findings from the study suggest that capital flight contributed to the decline in economic growth, when there are weak institutional qualities, during the study period. The unit root test revealed the stationarity properties at level, while others are at first difference. The cointegration test revealed that long-run relationship existed among the variables, and it has negative impacts on economic growth. The study concluded that capital flight have negative effect on economic growth in Nigeria, due to weak institutional qualities. The study therefore recommended that government should create policies and programmes that retain and attract skilled individuals, as they are valuable assets for nation-building. Monitoring trends in physical capital flight is essential in order to reduce capital flight and promote economic growth. Also, institutional qualities need to be studied, so as to identify areas in need of reform and guide efforts to strengthen the institutions. Keywords: Physical Capital flight, Human Capital Flight, Institutions, Economic growth, Capital scarcity problem, Nigeria Word Count: 298