× خانه ژورنال ها پست ها ثبت نام ورود

Macroeconomic Determinants of Manufacturing Sector Performance in Nigeria: an Asymmetric Non-Linear Approach

نویسندگان

  • Musa Olanrewaju Olanrewaju Oduola Department of Economics, Olabisi Onabanjo University, Ago – Iwoye, Nigeria
  • Rahmon Popoolac Department of Economics, Distance Learning Institute, University of Lagos, Lagos, Nigeria

چکیده

This study investigates the responsiveness of manufacturing sector performance to major macroeconomic determinants in Nigeria, covering the period between 1981 and 2018. It contributes to attendant literature by examining the asymmetric impact of each of the macroeconomic variables, including GDP per capita, exchange rate, inflation rate, interest rate proxied by prime lending rate, and gross fixed capital formation. The empirical evidence is based on a Non – Linear Autoregressive Distributed Lag (NARDL) model. Our result confirms important roles for all the macroeconomic variables although at different time periods. In the long run, important role on manufacturing sector performance is found for all variables except GDP per capita. In the short run however, it alongside exchange rate and period lags of manufacturing value added meaningfully determines manufacturing sector performance. Our findings also confirm the presence of asymmetric shocks on manufacturing performance for exchange rate at both time periods and interest rate only in the long run.

برای دسترسی به متن کامل این مقاله و 10 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

ورود

منابع مشابه

the aim of this study has been to find answers for the following questions: 1. what is the effect of immediate correction on students pronunciation errors? 2. what would be the effect of teaching the more rgular patterns of english pronunciation? 3. is there any significant difference between the two methods of dealing with pronuciation errore, i. e., correction and the teaching of the regular ...

seismic retrofit strategies have been developed in the past few decades following the introduction of new seismic provisions and the availability of advanced materials and methods. it can be observed that new approaches to deal with more lateral forces are more innovative and more energy absorbent. in line with this, there is a growing trend toward the use of steel shear walls as a system with ...

the present study sought to investigate the role of dynamic assessment (da) in improvement of iranian efl writing performance at different language proficiency levels. to this end, after conducting the quick placement test, 60 iranian efl learners were assigned to two groups with different language proficiency levels. in both groups each participant wrote two compositions, one before and one af...

This paper examines the determinants of export performance of firms in the Greek manufacturing industry, using cross-sectional data from 1652 firms in 1999 and a Tobit regression model. The study finds that firms that have larger size, lower unit labor cost and low capital to labor ratio have a higher propensity to export, confirming the fact that in Greece, which has the second lowest capital ...

acknowledge the importance of e-commerce to their countries and to survival of their businesses and in creating and encouraging an atmosphere for the wide adoption and success of e-commerce in the long term. the investment for implementing e-commerce in the public sector is one of the areas which is focused in government‘s action plan for cross-disciplinary it development and e-readiness in go...