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

References

  1. Amadi, A. N., Adetiloye, K. A., Omankhanlen, A. E., Amadi, I. P., & Nwodimmah, P. (2021). The Stabilization Effects of Fiscal Policy on Banking System Stability in Nigeria. Asian Economic and Financial Review, 11(10), 805-815.
  2. Asaleye, A. J., Adama, J. I., & Ogunjobi, J. O. (2018). Financial sector and manufacturing sector performance: Evidence from Nigeria. Investment Management & Financial Innovations, 15(3), 35-48.
  3. Asongu, S. A. (2020). Financial access and productivity dynamics in Sub-Saharan Africa. International Journal of Public Administration, 43(12), 1029-1041.
  4. Barasa, L., Vermeulen, P., Knoben, J., Kinyanjui, B., & Kimuyu, P. (2018). Innovation inputs and efficiency: manufacturing firms in Sub-Saharan Africa. European Journal of Innovation Management, 22(1), 59-83.
  5. Beyene, T., & Singh, I. (2019). Effectiveness of Monetary Policy on Industrial Growth of Ethiopia: ARDL Modeling on Monetary Framework. IOSR Journal of Economics and Finance (IOSR-JEF), 10(3), 1-13.
  6. Ca’ Zorzi, M., Dedola, L., Georgiadis, G., Jarocinski, M., Stracca, L., & Strasser, G. H. (2020). Monetary Policy and its Transmission in a Globalised World. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3599928
  7. Charles, A. O., Mesagan, E. P. & Saibu, O. M. (2018). Resource Endowment and Export Diversification: Implications for Growth in Nigeria. Studies in Business and Economics, 13(1), 29-40.
  8. Egbetunde, T., & Akinlo, A. E. (2015). Financial globalization and economic growth in Sub-Saharan Africa: Evidence from panel cointegration tests. African Development Review, 27(3), 187-198.
  9. Egbetunde, T., & Akinlo, A. E. (2019). Financial globalization and economic growth in sub-Saharan Africa: The role of institutional quality. Acta Universitatis Danubius. Œconomica, 15(4), 30-46.
  10. Eichengreen, B. (2007). The real exchange rate and economic growth. Social and Economic Studies, 56(4), 7-20.
  11. Ekpo, U. N. (2018). Rekindling Nigeria’s manufacturing sector performance for economic growth and development. International Journal of Latest Research in Humanities and Social Science (IJLRHSS), 2(1), 10-24.
  12. Goshit, G. G., Dabwor, T. D., & Kromtit, M. J. (2018). Monetary policy and manufacturing sector output in Nigeria: An empirical investigation. Benue Journal of Social Sciences, 5(2), 19-35.
  13. Hammed, Y. S. (2020). Monetary Policy Shocks and Manufacturing Output in Nigeria (1981-2018). Advanced Journal of Social Science, 7(1), 27-37.
  14. Hicks, J. R. (1936). Keynes’ Theory of Employment, Interest and Money. The Economic Journal, 46(182), 238-253.
  15. Isola, W. A. & Mesagan, P. E. (2018). Monetary Policy and Small and Medium Enterprises’ Performance in Selected West African Countries. Romanian Economic Journal, 21(69), 14-23.
  16. Jungo, J., Madaleno, M., & Botelho, A. (2022). The relationship between financial inclusion and monetary policy: a comparative study of countries in Sub-Saharan Africa and Latin America and the Caribbean. Journal of African Business, 23(3), 794-815.
  17. Kaplinsky, R., & Morris, M. (2008). Do the Asian drivers undermine export-oriented industrialization in SSA? World Development, 36(2), 254-273.
  18. Mesagan, E. P., Olunkwa, N. C. & Yusuf, I. A. (2018). Financial Development and Manufacturing Performance: The Nigerian Case. Studies in Business and Economics, 13(1), 97-111.
  19. Mesagan, E. P., Vo, X. V., & Emmanuel, P. M. (2022). The Technological Role in the Growth-Enhancing Financial Development: Evidence from African Nations. Economic Change and Restructuring, 56, 657–680. https://doi.org/10.1007/s10644-022-09442-z.
  20. Mesagan, P. E. & Adewuyi, T. C. & Olaoye, O. (2022). Corporate Finance, Industrial Performance and Environment in Africa: Lessons for Policy. Scientific African,
  21. Mwega, F. M., & Ndung’u, N. (2001). Kenya’s recent exchange-rate policy and manufactured export performance. Policies to Promote Competitiveness in Sub-Saharan Africa. Paris: Organization for Economic Cooperation and Development. OECD (2004) 31.
  22. Myovella, G., Karacuka, M., & Haucap, J. (2020). Digitalization and economic growth: A comparative analysis of Sub-Saharan Africa and OECD economies. Telecommunications Policy, 44(2), 101856.
  23. Obi, C. O. (2021). Monetary policy instruments and manufacturing sector output in Nigeria. International Journal of Innovative Finance and Economics Research, 9(2), 85-100.
  24. Ojo, A. T., & Alege, P. O. (2014). Exchange rate fluctuations and macroeconomic performance in sub-Saharan Africa: A dynamic panel cointegration analysis. Asian Economic and Financial Review, 4(11), 1573-1591.
  25. Rodríguez-Pose, A., & Tijmstra, S. A. (2007). Local economic development in sub-Saharan Africa. Environment and Planning C: Government and Policy, 25(4), 516-536.
  26. Tabash, M. I., Mesagan, P. E. & Farooq, U. (2022). Dynamic Linkage Between Natural Resources, Economic Complexity, and Economic Growth: Empirical Evidence from Africa. Resources Policy, 78, https://doi.org/10.1016/j.resourpol.2022.102865.
  27. Westphal, L. E. (1990). Industrial policy in an export-propelled economy: lessons from South Korea's experience. Journal of Economic perspectives, 4(3), 41-59.
  28. Yusuf, I. A., Mesagan, E. P. & Amadi, A. N. (2020). Effect of Financial Deepening on Stock Market Returns: The Case of Military and Democratic Post-SAP Regimes in Nigeria. BizEcons Quarterly, 6, 3-21.
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.