An Examination of Manufacturing Sector Responses to Government Monetary and Trade Policies in the Nigerian Economy

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dc.contributor.authorMusa, S
dc.contributor.authorOlayinka, G
dc.date.accessioned2019-03-14T14:01:18Z
dc.date.available2019-03-14T14:01:18Z
dc.date.issued2016
dc.descriptionJournal Articlesen_US
dc.description.abstractThis study examines the impact of government policies on manufacturing sector with the aim of ascertaining the implication on the overall growth in Nigeria. Vector auto-regression (VAR) is employed to capture the contemporaneous responses of manufacturing value added to government such as monetary and trade policies. It is found that government policy on manufacturing is not significant in the long run. In the forecast error decomposition of manufacturing valued added (MVAD) relative to monetary policy, own shocks are major causes of fluctuation. Response of MVAD to policy is negative in the short-run but tends towards neutral in the long run. In other words, monetary and trade policies are ineffective to address manufacturing sector performance in Nigeria. Non-monetary policy factor such as stabilization of economic environment where manufacturing sector operates is suggested. In addition, supply side policies like subsidy and infrastructure may provide a more relevant answer.en_US
dc.description.sponsorshipTertiary Education Trust Funden_US
dc.identifier.citationMusa, S and Olayinka, G (2016). An Examination of Manufacturing Sector Responses to Government Monetary and Trade Policies in the Nigerian Economy. Unilag Journal of Humanities, Vol.3(2).en_US
dc.identifier.issn2408-5030
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/3964
dc.language.isoenen_US
dc.publisherUniversity of Lagos Press, Akokaen_US
dc.relation.ispartofseriesUniversity of lagos Journal;Vol.3(2)
dc.subjectGovernment Policyen_US
dc.subjectManufacturing Value Addeden_US
dc.subjectEconomic Growthen_US
dc.subjectImpulse Responsesen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleAn Examination of Manufacturing Sector Responses to Government Monetary and Trade Policies in the Nigerian Economyen_US
dc.typeArticleen_US
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Volume 3, Issue 2 , 2016