0704-883-0675     |      dataprojectng@gmail.com

THE IMPACT OF INFLATION ON THE MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY (1981- 2011)

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent variable for the first model. The independent variables for the second model are consumer price index, Nominal interest rate and exchange rate while the dependent variable is the manufacturing index. The explanatory power of the models was given by the R2 of 11.799% for the first model and 62.85% for the second model and was subjected to the t-test and f-test to test the significance of the independent variables. The second model based on the result, we found out that it was more significant than the first model. The research revealed that inflation has a positive effect on the manufacturing sector in Nigeria. This goes a long way to say that increase in inflation leads to increase in the manufacturing output and that manufacturers should not to be discouraged by the increase in inflation rate, and depreciating value of Naira.




FIND OTHER RELATED TOPICS


Related Project Materials

INFLUENCE OF TEXT AVAILABILITY AND STUDENTS READING HABITS ON STUDENTS ACADEMIC ACHIEVEMENT IN LITERATURE IN ENGLISH

Background Of The Study

The fundamental components of teaching and learning resources include human resource, physical f...

Read more
ECONOMIC ANALYSIS OF FLUTED PUMPKIN PRODUCTION

ABSTRACT

The paper presents an economic analysis of fluted pumpkin production (Telfaria occidentalis

EFFECTS OF MOTIVATION AND JOB SATISFACTION OF OFFICE PERSONNEL TOWARDS ORGANIZATIONAL PRODUCTIVITY

ABSTRACT

Organizational productivity is the retention power of every organization as it ensures the loyalty of its marke...

Read more
EXAMINING THE CAPACITY OF HUMAN RESOURCES DEPARTMENT TO DRIVE ORGANIZATIONAL CHANGE

EXCERPT FROM THE STUDY

Ideally, HRM encompasses committed professionals working supportively with other talented organiz...

Read more
THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT VALUATION

Abstract: THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT VALUATION

This study aims to: (1) analyze the critical role of fund accountants in i...

Read more
IMPACT OF MULTIMEDIA RESOURCES ON PUPILS ACADEMIC PERFORMANCE AND RETENTION IN SOCIAL STUDIES

Background to the Study

The purpose of education is to develop knowledge, skills and character of students. Thus education is the process...

Read more
THE ROLE OF FOREIGN ELECTION OBSERVERS IN DEMOCRATIC ELECTIONS IN NIGERIA

ABSTRACT

 The paper is about the foreign observers in presidential Election in Nigeria for 2015. I...

Read more
AN EXAMINATION OF THE CAUSES AND EFFECTS OF ABORTION AMONGST WOMEN OF REPRODUCTIVE AGE

ABSTRACT

This study was carried out on an examination of the causes and effects of abortion among women...

Read more
ACCOUNTING AS A BASIS FOR MANAGING PUBLIC EXPENDITURE (A CASE STUDY OF STATE EDUCATION COMMISSION ENUGU)  

ABSTRACT

The society at large views public money as an opportunity to enriching themselves since it is not for any body...

Read more
EFFECTS OF ELECTORAL VIOLENCE ON NIGERIA DEMOCRACY (2007-2011) A CASE STUDY OF SOUTH WEST

Abstract

Electoral Violence has been one of the most prevalent forms of violence in Nigeria since the return of democrac...

Read more
Share this page with your friends




whatsapp