n South African Journal of Economic and Management Sciences - An econometric analysis of the impact of democratisation on domestic savings and investment in Nigeria : economics




This study employs four-dimensional and one composite indices of democratisation constructed to capture the democratisation processes in Nigeria's transition polity, to investigate the empirical relationships between the levels of democratisation 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 democratisation on economic variables. The results of the analyses show that the short-run responses of growth variables to changes in democratisation may differ from their long-run responses.


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