POLITICAL PARTICIPATION AND ECONOMIC GROWTH IN NIGERIA
Keywords:
Political Participation, Economic Growth, GDP Per Capita, Participation Index.
Abstract
This study was carried out to evaluate the impact of political participation on economic growth in Nigeria between 1999 and 2016. Premised on the theoretical underpinnings of Riker-Ordeshook cost-benefit calculation theory and the rational choice theory, the study used GDP per capita as proxy for economic growth while political participation was measured by political participation index. Autoregressive distributed lag (ARDL) model was used to estimate the model of the study. The study found no long run relationship between political participation and economic growth in Nigeria. Contrary to theory, however, the study found negative and insignificant relationship between political participation and economic growth in Nigeria. Thus, the study concludes that political participation has not favourably contributed to economic growth in Nigeria due largely to low participation of citizens in political activities in Nigeria. The study recommends increased participation of citizens in political activities in Nigeria so as to reap the full benefits of political participation.
References
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Uwakaeme, O. S. (2015). Economic growth in Nigeria: An empirical investigation of the determinants and causal relationship (1980-2012). American Journal of Economics, 5(1), 9-20.
Xu, L. (2015). Effects of Female Political Participation on Economic Growth: Evidence from Asian Countries. A Dissertation submitted to Lund University.
Aminu, Gbenga, A. & Bolaji, E. K. (2014). Democracy and the Performance of the Nigerian Economy. International Journal of Humanities and Social Science, 4(10).
Arowolo, D. and Aluko, F.S. (2010). Women andPolitical Participation in Nigeria.
EuropeanJournalof Social Sciences 14 (4), 581-593.
Arowolo, D.A. & Aluko O.A. (1983). Political participation and good governance in Nigeria. International Journal of Development and Sustainability, 1(3),797- 809.
Barro, R. J. (1996). Determinants of economic growth: A cross-country empirical study. NBER Working PaperNo. 5698.
Daly, H., Czech, B., Blackwelder, B., Magnus-Johnston, J. & and Zencey, E. (2010). Two meanings of “economic growth”. The Daly News. Steady state commentary and related news. Center for the Advancement of Steady State Economy (CASSE).
Eterovic, D. S. & N. A. Eterovic (2012), "Political competition versus electoral participation: effects on government's size," Economics of Governance 13(4), 333-363.
Falade, D. A. (2014). Political participation in Nigerian democracy: A study of someselected local government areas in Ondo State, Nigeria. Global Journal of Human-Social Science, 14(8).
Falade, D.A. (2008) Questions and Answers onConcepts, Methods, Issues and Problems in SocialStudies.Lagos, Novec' kol.
Gujarati, D.N. (2003). Basic Econometrics. New York: McGraw Hill.
Guru (2016). Economic growth: Its meaning and concept explained. Retrieved May 18, 2017 from http://www.yourarticlelibrary.com/economics/economic- growth-its-meaning-and-concept-explained/38241/
Guseh, J. S. & Oritsejafor, E. (2007). Government Size, Political Freedom and Economic Growth in Nigeria, 1960- 2000. Journal of Third World Studies, 24 (1)
Kessier, J. (2012). Economic Growth. Business and Public Policy. The Wharton High School. KWts Term Suggestion.
Levine, P. (2006, May 22). Political participation and economic growth [Blog Post].
Retrieved from www.peterlevine.ws/mt/archives/000865.html
Mba, I. N. & Chukwu, B. I. (2013). Effect of political transformation on economic growth and development of Nigeria. European Journal of Business and Management, 5(2), 187-198
Mill, J.S. (1947).On Liberty. New York: Appletion Century
Molutsi, P. (n.d). Tracking progress in democracy and governance around the World: Lessons and Methods. Retrieved December 22, 2017 from unpan1.un.org/…/un/unpan005784.pdf
Nigerian Curiosity (2010). Nigerian economy grew in 2009. Retrieved January 21, 2018 from nigeriancuriosity.com/2010/03/Nigerian-economy-grew-in- 2009.html?m=1
Omilusi, M. & Oguntuase, A. A. (2016). E-governance, political participation and the Nigerian youth: exploring the nexus and depth. Asian Journal of Social Sciences, Arts and Humanities, 4(3), 47-56
Oni, S. O. & Agbude, G. (n.d.). Determinants of political participation amongst women in Ogun State, Nigeria.
Oni, S. O. (2009). Women and political participation in Nigeria: A comparative study of Lagos and Ogun states (1999 – 2007). A research dissertation submitted to the department of political science, college of business and social sciences, covenant university, ota.
Palmer, N. T. (2012). The importance of economic growth. Retrieved May 18, 2017 from http://www.cpaireland.ie/docs/default-source/Students/Study- S u p p o r t / S t r a t e g y - L e a d e r s h i p / t h e - i m p o r t a n c e - o f - o f - e c o n o m i c - growth.pdf?sfvrsn=0
Pereira, C. Teles, V. (2011). Political Institutions, Economic Growth and Democrary: The substitute effect. Retrieved January 22, 2017 from www.brookings.edu/opinions/political-institutions-economic-growth-and- democracy-the-substitute-effect.
Persson, M. (2010). The effects of economic and educational inequality onpolitical participation. Paper presented at the ECPR Joint Sessions in Munster in March 2010.
Pesaran, M.H. and Shin, Y. (1999). An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. In Strom, S. (ed.), Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, 371-413. Cambridge: Cambridge University Press.
Pesaran, M.H., Shin, Y. and Smith, R.J. (2001).Testing Approaches to the Analysis of Long run Relationship. Edinburgh: University of Edinburg Press.
Riker, W. & Ordeshook, P. (1968). A theory of calculus of voting. American Political Science Review, 62(1), 21-42
Siegle, J. (2006). Why democracy is central to prosperity and peace. Auslands Informationen
Umezurike, G. & Danfulani, D. (2015). Political participation as a catalyst for national development in a democratic society. Research on Humanities and Social Sciences, 5(14), 2225 -0484
Uwakaeme, O. S. (2015). Economic growth in Nigeria: An empirical investigation of the determinants and causal relationship (1980-2012). American Journal of Economics, 5(1), 9-20.
Xu, L. (2015). Effects of Female Political Participation on Economic Growth: Evidence from Asian Countries. A Dissertation submitted to Lund University.
Published
2019-05-25
Section
Articles
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