Assessment of Long Run Relationship between Exchange Rate and Manufacturing Sector’s Output: Evidence from Nigeria

Assessment of Long Run Relationship between Exchange Rate and Manufacturing Sector’s Output: Evidence from Nigeria

olubunmi_omotayo

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Olubunmi Omotayo

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Alani Olusegun

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Assessment of Long Run Relationship between Exchange Rate and Manufacturing Sector’s Output: Evidence from Nigeria

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Abstract

The main aim of this research is to examine the relationship between exchange rates and manufacturing output in Nigeria. The research paper made use of secondary data in reaching the objectives of this research work. Data were sourced mainly from Central Bank of Nigeria (CBN) Statistical Bulletin, CBN Statement of Accounts and Annual Reports, and the Nigerian Bureau of Statistics publications. The variables for which data are sourced include: manufacturing output, manufacturing capacity utilization, exchange rate, government expenditure, inflation rates and interest rate for the period 1980 to 2020. The result of the regression estimate showed that Exchange rate and government expenditure on manufacturing sector variables has a positive and significant impact on manufacturing productivity, while consumer price index and manufacturing capacity utility rate variables has a negative and significant impact on manufacturing productivity but interest rate, has negative and insignificant impact on manufacturing productivity during the study period.

References

13 Cites in Article

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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.

Data Availability

Not applicable for this article.

How to Cite This Article

olubunmi_omotayo. 2021. \u201cAssessment of Long Run Relationship between Exchange Rate and Manufacturing Sector’s Output: Evidence from Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 21 (GJMBR Volume 21 Issue B1).

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GJMBR Volume 21 Issue B1

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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: D51

Submission ReceivedFebruary 12, 2021
Peer Review Double Blind
Handling Editor
Accepted March 2, 2021
Published March 15, 2021

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v1.2

Issue date

February 26, 2021

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