Impact of Domestic Industrial Output on Economic Growth in Nigeria

Journal of Advanced Research in Economics and Administrative Sciences

View Publication Info
 
 
Field Value
 
Title Impact of Domestic Industrial Output on Economic Growth in Nigeria
 
Creator Fasoye, Kazeem
Olayiwola, Abiodun Sunday
Joseph, Kehinde Elizabeth
 
Subject Domestic output
Capital
Labour
Made-in-Nigeria
Gross Domestic Product (GDP)
 
Description Purpose:
This paper examined the potential of domestic industrial output on economic growth in Nigeria.
Approach/ Methodology/ Design: An Autoregressive Distributed Lag (ARDL) model procedure was employed for data analysis.
Findings: The results revealed that the contribution of the domestic industrial output to economic growth was appalling which was necessitated by the worrisome image of “Made-in-Nigeria” goods. It was also showed that the results that domestic industrial output and domestic savings have positive relationships with real gross domestic product (RGDP) in the long run. This implies that a rise in the level of each of domestic output and domestic savings necessitated an increase in real gross domestic product (RGDP).
Practical Implication: The implication presented in this study is related to the concerned authorities. The results indicate the need for diverse domestic production in order to achieve a healthy competition in the industrial sector in the country.
Originality/Value: The study innovates by employing various statistical tools for exploring the effect of domestic industrial output on economic growth. The significant contribution of this study is in identifying that domestic production in Nigeria has been lagged behind in terms of output performance in the economy.
 
Publisher Baynoon Centre for Studies and Development
 
Date 2021-02-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://bcsdjournals.com/index.php/jareas/article/view/177
10.47631/jareas.v2i1.177
 
Source Journal of Advanced Research in Economics and Administrative Sciences; Vol. 2 No. 1 (2021): Journal of Advanced Research in Economics and Administrative Sciences; 57-67
2708-9320
 
Language eng
 
Relation https://bcsdjournals.com/index.php/jareas/article/view/177/92
 
Rights https://creativecommons.org/licenses/by/4.0
 

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us

Twitter

Copyright © 2015-2018 Simon Fraser University Library