Relative Effectiveness of Monetary and Fiscal Policy Measures and The Performance of The Industrial Sector in Nigeria
Abstract
This study examined the relative effectiveness of monetary and fiscal policy measures and the performance of the industrial sector in Nigeria. Industrial Output were regressed on monetary and fiscal policies measures. Following the stationarity and bounds cointegration tests results, the Autoregressive Distributed Lag method of analysis was applied. the results revealed that in the long and short runs, all the employed policies’ instruments positively and insignificantly impacted on Industrial Output except recurrent spending which was negative but significant only in the short-run, capital spending had only short-run significance while banks’ loans and advances impacted negatively in the short-run. Therefore, the researcher recommended among others that government should increase expenditures on productive Industrial activities, ensure increase in deposit money banks’ credits for Industrial investment and enforce special low interest rate to stimulate investments in the sector.
References
More Articles from INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT
Author: Agbaeze, Clifford Chinasa Ph.D, Johnson, Adebayo Akanbi, Efanga, Udeme, Okon, Ph.D
Author: Monday A. Gbanador, Mavis B. Madu
Author: Ike, Frank Chidiebere, Ejem, Chukwu A., Ogbulu, Onyemachi M., Onyegbule, Kenneth, C.
Author: Saibo, Clifford Okpoboloukemi, Prof. Confidence Joel, Ihenyen
Author: Inweregbu, Onyekachi Anthony Ph.D, Ikwudinma Adaobi Eugenia, Fort-Edward Uchenna Ugochi Ph.D, Obiah Mmadubuike Emmanuel
