MAXIMUM MANUFACTURING SECTOR OUTPUT REQUIRED FOR POVERTY REDUCTION IN NIGERIA
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| Format: | Recurso digital |
| Sprache: | Englisch |
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2025
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| _version_ | 1866902115919593472 |
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| author | FREDRICK ONYEBUCHI ASOGWA COSMAS CHUKWUJIOKE ANIAKOR NICHOLAS ATTAMAH SUNDAY V. AGU JOSEPH I. AMUKA JOSEPHINE NDIDIAMAKA OZIOKO |
| author_facet | FREDRICK ONYEBUCHI ASOGWA COSMAS CHUKWUJIOKE ANIAKOR NICHOLAS ATTAMAH SUNDAY V. AGU JOSEPH I. AMUKA JOSEPHINE NDIDIAMAKA OZIOKO |
| contents | <p><strong><span lang="EN-US">Abstract</span></strong></p> <p><span lang="EN-US">The study investigated the maximum manufacturing sector output required for poverty reduction in Nigeria from 1981 to 2022. The objectives of the study were to </span><span lang="EN-US">analyze the impact of manufacturing output on poverty reduction, determine </span><span lang="EN-US">the required maximum manufacturing output to reduce poverty and </span><span lang="EN-US">trace </span><span lang="EN-US">the direction of causality between manufacturing output and poverty reduction in Nigeria.</span> <span lang="EN-US">Pre-estimation tests of unit root and co-integration were carried out using Augmented Dickey-Fuller (ADF) tests of stationarity and co-integration in order to find out the possibility of mean reversibility and the existence of long run relationship among the variables used in the model. The study employed a quadratic non-linear model to determine the maximum manufacturing sector output required to minimize poverty in Nigeria. The study further applied Error Correction Model (ECM) to trace the speed of adjustment in addition to short run dynamic effects. Granger Causality test was done to trace the direction of causality between variables in the model. The result of the Augmented Dickey-Fuller unit root test showed that all the variables were stationary at first difference, I (1) except external debt which was integrated of order two I (2). The result of the non-linear quadratic regression indicated a maximum of 7.65% of the manufacturing output in a long run and 5.378% in a short run to minimize poverty in Nigeria. The result of the short run dynamics indicated that MSO had positive impact on household consumption (proxy for Poverty). A unit increase in manufacturing sector output increased household consumption by 217.43. The findings of the Pairwise Granger Causality test showed a unidirectional causality running from poverty to manufacturing sector output and a bi-directional causality between exchange rate and manufacturing sector output in Nigeria. </span></p> <p><strong><span lang="EN-US">JEL Classification:</span></strong><span lang="EN-US"> M2; O4.</span></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_15541729 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | MAXIMUM MANUFACTURING SECTOR OUTPUT REQUIRED FOR POVERTY REDUCTION IN NIGERIA FREDRICK ONYEBUCHI ASOGWA COSMAS CHUKWUJIOKE ANIAKOR NICHOLAS ATTAMAH SUNDAY V. AGU JOSEPH I. AMUKA JOSEPHINE NDIDIAMAKA OZIOKO Manufacturing, Poverty, Output, Causality, Non-linear. <p><strong><span lang="EN-US">Abstract</span></strong></p> <p><span lang="EN-US">The study investigated the maximum manufacturing sector output required for poverty reduction in Nigeria from 1981 to 2022. The objectives of the study were to </span><span lang="EN-US">analyze the impact of manufacturing output on poverty reduction, determine </span><span lang="EN-US">the required maximum manufacturing output to reduce poverty and </span><span lang="EN-US">trace </span><span lang="EN-US">the direction of causality between manufacturing output and poverty reduction in Nigeria.</span> <span lang="EN-US">Pre-estimation tests of unit root and co-integration were carried out using Augmented Dickey-Fuller (ADF) tests of stationarity and co-integration in order to find out the possibility of mean reversibility and the existence of long run relationship among the variables used in the model. The study employed a quadratic non-linear model to determine the maximum manufacturing sector output required to minimize poverty in Nigeria. The study further applied Error Correction Model (ECM) to trace the speed of adjustment in addition to short run dynamic effects. Granger Causality test was done to trace the direction of causality between variables in the model. The result of the Augmented Dickey-Fuller unit root test showed that all the variables were stationary at first difference, I (1) except external debt which was integrated of order two I (2). The result of the non-linear quadratic regression indicated a maximum of 7.65% of the manufacturing output in a long run and 5.378% in a short run to minimize poverty in Nigeria. The result of the short run dynamics indicated that MSO had positive impact on household consumption (proxy for Poverty). A unit increase in manufacturing sector output increased household consumption by 217.43. The findings of the Pairwise Granger Causality test showed a unidirectional causality running from poverty to manufacturing sector output and a bi-directional causality between exchange rate and manufacturing sector output in Nigeria. </span></p> <p><strong><span lang="EN-US">JEL Classification:</span></strong><span lang="EN-US"> M2; O4.</span></p> |
| title | MAXIMUM MANUFACTURING SECTOR OUTPUT REQUIRED FOR POVERTY REDUCTION IN NIGERIA |
| topic | Manufacturing, Poverty, Output, Causality, Non-linear. |
| url | https://doi.org/10.5281/zenodo.15541729 |