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https://doi.org/10.32728/ric.2018.34/4

MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA

Adegbemi Babatunde Onakoya   ORCID icon orcid.org/0000-0002-7583-5083 ; (1) Department of Economics Babcock University, Ilishan - Remo, Nigeria
Grace Oyeyemi Ogundajo ; (2) Department of Accounting Babcock University, Ilishan - Remo, Nigeria
Babatunde Solomon Johnson ; (3) Department of Economics, Babcock University, Ilishan - Remo, Nigeria

Puni tekst: engleski, pdf (219 KB) str. 71-88 preuzimanja: 1.096* citiraj
APA 6th Edition
Onakoya, A.B., Ogundajo, G.O. i Johnson, B.S. (2017). MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA. Review of Innovation and Competitiveness, 3 (4), 71-88. https://doi.org/10.32728/ric.2018.34/4
MLA 8th Edition
Onakoya, Adegbemi Babatunde, et al. "MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA." Review of Innovation and Competitiveness, vol. 3, br. 4, 2017, str. 71-88. https://doi.org/10.32728/ric.2018.34/4. Citirano 11.08.2020.
Chicago 17th Edition
Onakoya, Adegbemi Babatunde, Grace Oyeyemi Ogundajo i Babatunde Solomon Johnson. "MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA." Review of Innovation and Competitiveness 3, br. 4 (2017): 71-88. https://doi.org/10.32728/ric.2018.34/4
Harvard
Onakoya, A.B., Ogundajo, G.O., i Johnson, B.S. (2017). 'MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA', Review of Innovation and Competitiveness, 3(4), str. 71-88. https://doi.org/10.32728/ric.2018.34/4
Vancouver
Onakoya AB, Ogundajo GO, Johnson BS. MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA. Review of Innovation and Competitiveness [Internet]. 2017 [pristupljeno 11.08.2020.];3(4):71-88. https://doi.org/10.32728/ric.2018.34/4
IEEE
A.B. Onakoya, G.O. Ogundajo i B.S. Johnson, "MONETARY POLICY AND THE SUSTAINABILITY OF THE MANUFACTURING SECTOR IN NIGERIA", Review of Innovation and Competitiveness, vol.3, br. 4, str. 71-88, 2017. [Online]. https://doi.org/10.32728/ric.2018.34/4

Sažetak
The conflicting results in relationship between monetary policy and the sustainability of the manufacturing sector necessitated this research. The study carried out some preliminary tests including the descriptive statistics and the Augmented Dickey Fuller unit root tests. The optimal lag length criteria, and the Johansen Co-Integration test were applied to verify long run association among the series. The Vector Error Correction model was estimated as a verification of the short run adjustment. The Breusch-Godfrey Serial Correlation Lm test, Durbin Watson Statistic, and Breusch-Pagan Heteroscedasticity tests were conducted. The results confirmed the existence of a long run relationship among the variables. A positive relationship between monetary policy and manufacturing sector performance in Nigeria was observed at the 5% level of statistical significance. No short run association between the external reserves and inflation rates was recorded. The study therefore recommends that the government avoid monetary policy summersaults.

Ključne riječi
Monetary Policy; Manufacturing output; Inflation; Interest rate; Foreign Exchange rate

Hrčak ID: 191333

URI
https://hrcak.srce.hr/191333

Posjeta: 1.251 *