Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019

Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019

oyetunji_david_olalere

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Oyetunji David Olalere

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Muhammad Nuruddeen Isa

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Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019

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Abstract

This study examined the impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry in Nigeria using time series data from 1987 to 2019. The objective of this research is to establish the Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019. Autoregressive Distributed Lag Model (ARDL) method was used. The findings from the study revealed that Sales volume (LSAV (-1)) at one lag period and Completely knocked down (LCKD) at lag value have significant impact on economic growth while Exchange rate (EXCR) is not significant. Interest rate and inflation rate appear to be statistically significant in determining economic growth at their contemporaneous values. Hence, we conclude that Sales Volume and Completely Knocked Down in Automotive Industry positively impacted on the economic growth in Nigeria over the period under study We therefore recommend that government should encourage an increase in sales volume for the economic growth status to keep enjoying positive contributions to the automotive sector in Nigeria.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

oyetunji_david_olalere. 2021. \u201cImpact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 21 (GJMBR Volume 21 Issue B2).

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GJMBR Volume 21 Issue B2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification JEL Code: F43

Submission ReceivedFebruary 4, 2021
Peer Review Double Blind
Handling Editor
Accepted February 28, 2021
Published March 15, 2021

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April 24, 2021

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