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https://library.cbn.gov.ng:8443/jspui/handle/123456789/790| Title: | The impact of lending rate on the manufacturing sector in Nigeria |
| Authors: | Akpan, D. B. Yilkudi, D. J. Opiah, D. C. |
| Keywords: | Deposit money banks, Intermediation, Lending rate, Manufacturing capacity utilisation, Manufacturing sector Vector Error Correction Model (VECM) Co-integration Nigeria |
| Issue Date: | Mar-2016 |
| Publisher: | Central Bank of Nigeria, Research Department. |
| Citation: | Akpan, D. B., Yilkudi, D. J. and Opiah, D. C. (2016). The impact of lending rate on the manufacturing sector in Nigeria. CBN Economic and Financial Review, 54(1), 43-69. |
| Series/Report no.: | Vol. 54;No. 1 |
| Abstract: | The study investigates the impact of lending rate on output of the manufacturing subsector using the vector error correction model and annual data from 1981 - 2014. The empirical results indicated that high lending rate had negative impact on manufacturing output in the long-run. The study, therefore recommends the implementation of investment friendly policies that narrows, the lending rate by the deposit money banks in order to stimulate output growth in the manufacturing sub-sector and allow global competitiveness of products. |
| URI: | http://library.cbn.gov.ng:8092/jspui/handle/123456789/790 |
| ISSN: | 1957-2968 |
| Appears in Collections: | Economic and Financial Review |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| The impact of lending rate on the manufacturing sector in nigeria.pdf | 3.99 MB | Adobe PDF |  View/Open |
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