An econometric analysis of the impact of democratisation on domestic savings and investment in Nigeria

G Dinneya

Abstract


This study employs four-dimensional and one composite indices of democratization constructed to capture the democratization processes in Nigeria’s transition polity, to investigate the empirical relationships between the levels of democratization in Nigeria and two economic growth variables – domestic savings and domestic investment. As would be expected, the findings do not settle the debate in any direction. However, they could shed some light on the differences between the dimensional and the overall effects of democratization on economic variables.  The results of the analyses show that the short-run responses of growth variables to changes in democratization may differ from their long-run responses.


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DOI: http://dx.doi.org/10.4102/sajems.v9i4.1048

Submitted: 21 May 2014
Published: 22 May 2014


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South African Journal of Economic and Management Sciences    |    ISSN: 1015-8812 (PRINT)    |    ISSN: 2222-3436 (ONLINE)