Have a personal or library account? Click to login
Monetary policy and manufacturing export performance in SSA: Evidence from Panel ARDL modelling Cover

Monetary policy and manufacturing export performance in SSA: Evidence from Panel ARDL modelling

Open Access
|Jun 2023

Abstract

We investigate the effect of monetary policy on manufacturing export performance in Sub-Saharan Africa (SSA) over the 1995 and 2020 period. Using the pooled mean group framework and focusing on 24 SSA countries, evidence shows that interest rate boosts manufacturing export in the short and long-run. However, exchange rate negatively impacts manufacturing export performance in both periods. While exchange rate is significant in the short term, it is insignificant in the long run. Lastly, private sector credit negatively and insignificantly influences short run manufacturing export, while it is substantially positive in the long-run. It is important that efforts are geared towards improving monetary policy effectiveness in the countries involved to boost the performance of manufacturing export and ensure growth.

DOI: https://doi.org/10.19275/rsep154 | Journal eISSN: 2547-9385 | Journal ISSN: 2149-9276
Language: English
Page range: 29 - 38
Submitted on: Feb 4, 2023
Accepted on: May 29, 2023
Published on: Jun 30, 2023
Published by: BC Group
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2023 Hope E. Agbonrofo, Ajibola Olusegun, Biola Phillip, published by BC Group
This work is licensed under the Creative Commons Attribution 4.0 License.