Institutional quality, economic misery and crime rate in Nigeria.
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Date
2019-01-30
Authors
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Journal ISSN
Volume Title
Publisher
Sciendo / De Gruyter on behalf of Riga Technical University
Abstract
This study examines the effect of institutional quality and misery index
on crime rate in Nigeria. Data sourced for the period of 1986–2016 from the Nigerian
Police Force, National Bureau of Statistics, International Country Risk Guide
(ICRG) and World Bank Development Indicators are employed. The study applies
the ARDL approach to co-integration in estimating the model built for the study.
The results show that there is a long-run relationship among the variables. It further
reveals that institutional quality reduces crime rate significantly in the short run
while economic misery increases the level of crime in Nigeria. These results imply
that gradual improvements in institutional arrangements within democratic
administrations would further provide a more effective and efficient peaceful means
for settling disputes and re-alignments of socio-economic inequalities, which seem
to be the main causes of criminal activities in Nigeria.
Description
Keywords
Crime Rate, Democracy, Institution, Nigeria
Citation
Ajide, F. M. (2019). Institutional quality, economic misery and crime rate in Nigeria. Economics and Business, 33, 170–182. Published by Sciendo / De Gruyter on behalf of Riga Technical University. Available online at https://sciendo.com/es/issue/EB/33/1