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POLITICAL STABILITY AND ECONOMIC GROWTH IN NIGERIA

Abstract:

The study empirically investigated the relationship between political stability and economic growth in Nigeria for the period 1999 to 2014 using the ARDL model approach. The result revealed a positive and significant relationship between political stability and economic growth both in the long run and in the short run. The study concludes that a stable political environment is an indispensable element for economic growth and therefore, the government of Nigeria should as a matter of necessity, identify the root causes of unstable political environment and try to mitigate its effects so as to ensure sustained growth in Nigeria. Keywords: Political Stability, Economic Growth and ARDL Model. 

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