An analysis of the effect of manufacturing sector on the growth of the Nigerian economy
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 4
Abstract
The study investigated the influence of manufacturing sector output on economic growth in Nigeria from 1981 to2016. Autoregressive Distributed Lag (ARDL) model and Granger causality technique were utilized. Data from theCentral Bank of Nigeria, statistical bulletin on RGDP, manufacturing capacity utilization (MCU), manufacturingoutput (LMO), government investment expenditure (GINVEXP), money supply (LM2) and interest rate (INR) wereused. Evidence of long-run and short-run relationships among the variables is established. The results showed thatMCU has positive influence on RGDP while LMO affects RGDP positively. It also showed that GINVEXP hasnegative effect on RGDP whereas LM2 influenced RGDP positively. More so, evidence of unidirectional causalityis established between RGDP and MCU, LMO and LM2. Therefore, government should intensify efforts to promotesocio-economic infrastructural, macroeconomic and institutional framework in Nigeria to provide favourableenvironment for external and domestic institutions interactions; hence, harnessed mobilized funds effectivelytowards productive manufacturing sector.
Authors and Affiliations
Celina Ududechinyere Ph. D, Eze, Onyebuchi Michael, Nweke Abraham Mbam
Keywords
Related Articles
- EP ID EP410250
- DOI 10.9790/487X-2004063446.
- Views 100
- Downloads 0
Study on Servequal Gap Analysis and Quality Excellence in Travel Industry
SERVQUAL Gap Analysis is important to measure the service quality in the organizations. The five SERVQUAL dimension are; Tangibles, Reliability, Responsiveness, Assurance, Empathy. SERVQUAL Gap Analysis made an attempt t...
Women Entrepreneurship and Government Support in Present Scenario in the Context of India:
Entrepreneurship which comes under the umbrella of business regime, which plays significant role in the development of the country and its economy in a fruitful condition by setting up of organizations, may be in small o...
Resistance to Change in an Organization
This paper examines the widely documented literature on resistance to change in an organizational framework. Premise being that changes are resisted by organizations which hinders adaptation and progress in the long run....
Iot Sensors and Mobile Applications for Life Style Management of Visually Challenged Persons
Many research are undergoing in the area of IoT based applications for visually challenged persons. Study says that approximately 8 % of USA people are partially or fully visually blind. But unfortunately many people are...
Job Characteristics and Employee Performance in Private Equity Firms in Kenya
Organizations are always in pursuit of finding ways to enhance their performance. One of the ways is to enhance employee performance by incorporating job characteristics that contribute to employee motivation, satisfacti...