Impact of macroeconomic variables on the Nigerian manufacturing sector
The essence of this study is to examine the impact of macroeconomic variables and some salient socio-economic and political variables on the manufacturing sub-sector of the Nigerian economy by using the autoregressive distributed lag to analyze data source from 1986 to 2019 within the context of two...
| Main Authors: | , , , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2090664 |
| _version_ | 1818213997983301632 |
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| author | Adedoyin Isola Lawal Eziekel Oseni Bukola Bose Lawal-Adedoyin Joseph IseOlorunkanmi Abiola J. Asaleye Henry Inegbedion M. Santanu Abigail DickTonye Opeyemi Olagunju Elizabeth Ogunwole |
| author_facet | Adedoyin Isola Lawal Eziekel Oseni Bukola Bose Lawal-Adedoyin Joseph IseOlorunkanmi Abiola J. Asaleye Henry Inegbedion M. Santanu Abigail DickTonye Opeyemi Olagunju Elizabeth Ogunwole |
| author_sort | Adedoyin Isola Lawal |
| collection | DOAJ |
| description | The essence of this study is to examine the impact of macroeconomic variables and some salient socio-economic and political variables on the manufacturing sub-sector of the Nigerian economy by using the autoregressive distributed lag to analyze data source from 1986 to 2019 within the context of two macroeconomic theories: The Solow growth and the endogenous growth theories. The study noted that both the Solow growth theory and endogenous growth model are valid in the short run for the studied economy, but the result is not the same in the long run, as only the endogenous growth model was valid in the long run. The study noted that to achieve sustainable economic growth powered by strong manufacturing sector, there must be an alignment between the macroeconomic variables employed and the socio-political factors. The findings of the study have some policy implications. |
| first_indexed | 2024-12-12T06:13:11Z |
| format | Article |
| id | doaj.art-be20d059e46b44eeadbce6a5aa90dafa |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-12-12T06:13:11Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-be20d059e46b44eeadbce6a5aa90dafa2022-12-22T00:35:07ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2090664Impact of macroeconomic variables on the Nigerian manufacturing sectorAdedoyin Isola Lawal0Eziekel Oseni1Bukola Bose Lawal-Adedoyin2Joseph IseOlorunkanmi3Abiola J. Asaleye4Henry Inegbedion5M. Santanu6Abigail DickTonye7Opeyemi Olagunju8Elizabeth Ogunwole9Department of Economics, Bowen University, Iwo, NigeriaDepartment of Finance, University of Lagos, Omu-Aran, NigeriaDepartment of Political Sciences, Landmark University, Omu-Aran, NigeriaDepartment of Political Sciences, Landmark University, Omu-Aran, NigeriaDepartment of Economics, Bowen University, Iwo, NigeriaDepartment of Business Administration, Bowen University, Iwo, NigeriaDepartment of Commerce (Hindi Shift), Banwarilal Bhalotia College, Asansol, IndiaDepartment of Economics, Bowen University, Iwo, NigeriaDepartment of Economics, Bowen University, Iwo, NigeriaDepartment of Economics, Bowen University, Iwo, NigeriaThe essence of this study is to examine the impact of macroeconomic variables and some salient socio-economic and political variables on the manufacturing sub-sector of the Nigerian economy by using the autoregressive distributed lag to analyze data source from 1986 to 2019 within the context of two macroeconomic theories: The Solow growth and the endogenous growth theories. The study noted that both the Solow growth theory and endogenous growth model are valid in the short run for the studied economy, but the result is not the same in the long run, as only the endogenous growth model was valid in the long run. The study noted that to achieve sustainable economic growth powered by strong manufacturing sector, there must be an alignment between the macroeconomic variables employed and the socio-political factors. The findings of the study have some policy implications.https://www.tandfonline.com/doi/10.1080/23322039.2022.2090664Macroeconomic variablesgross domestic productmanufacturing sectoreconomic growthB22C32 |
| spellingShingle | Adedoyin Isola Lawal Eziekel Oseni Bukola Bose Lawal-Adedoyin Joseph IseOlorunkanmi Abiola J. Asaleye Henry Inegbedion M. Santanu Abigail DickTonye Opeyemi Olagunju Elizabeth Ogunwole Impact of macroeconomic variables on the Nigerian manufacturing sector Cogent Economics & Finance Macroeconomic variables gross domestic product manufacturing sector economic growth B22 C32 |
| title | Impact of macroeconomic variables on the Nigerian manufacturing sector |
| title_full | Impact of macroeconomic variables on the Nigerian manufacturing sector |
| title_fullStr | Impact of macroeconomic variables on the Nigerian manufacturing sector |
| title_full_unstemmed | Impact of macroeconomic variables on the Nigerian manufacturing sector |
| title_short | Impact of macroeconomic variables on the Nigerian manufacturing sector |
| title_sort | impact of macroeconomic variables on the nigerian manufacturing sector |
| topic | Macroeconomic variables gross domestic product manufacturing sector economic growth B22 C32 |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2090664 |
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