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 f...

This paper examines the use of autoregressive distributed lag (ARDL) models for the analysis of long-run relations when the underlying variables are I(1). It shows that after appropriate augmentation of the order of the ARDL model, the OLS estimators of the short-run parameters are p T -consistent with the asymptotically singular covariance matrix, and the ARDL-based estimators of the long-run ...

A nonlinear autoregressive model, the process feedback nonlinear autoregressive (PFNAR) model, in which the autoregressive coe0cients are a function of the combination of past data, is proposed. The autoregressive coe0cients of the PFNAR model consist of sequential autoregressive parts, and a data process feedback part that feeds back the in2uence from previous data points with “signi4cant dela...

Both technological innovation and foreign direct investment have received widespread attention in the literature on their role promoting economic growth. Therefore, this study aims to test relationship between investment, innovation, growth of Egyptian economy during period 1990–2019 using autoregressive distributed lag model simultaneous integration test. Our findings show ARDL (Autoregressive...