Peter Ayodeji Adeoye
Department of Economics Kwara State University, Malate, Kwara State, Nigeria
Publications
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Research Article
Effect of Inflation Rate on the Agricultural and Manufacturing Sector in Nigeria (1990-2021)
Author(s): Peter Ayodeji Adeoye*
This work examines the effect of inflation rate on the performance of manufacturing and agricultural sectors. Yearly data were used from 1975 to 2020. The Auto Regressive Distributed Lag (ARDL) was used to analyse the data, and the yearly data were sourced from Word Development indicator (WDI) and Central Bank of Nigerian (CBN) Statistical Bulletin. This research work considers inflation rate, credit to private sector (PRIVATECREDIT), manufacturing capacity utilization (MCAPUTIL), foreign direct investment (FDI), credit to agriculture (AGRICCREDIT), agriculture equipment (AGRICEQUIP)and Exchange rate (EXCH) as independent variables on agricultural output and MVA. Based on ARDL approach, based on ARDL approach, test was carried out on each dependent variable and the independent variable to check the long and short run regression findings for the coefficient of the lagged values of the .. Read More»
