Impact Of Industrial Output On The Economics Growth Of Nigeria:- Ufomba Justina O
ABSTRACT
The study examined the impact ofindustrial
output on economic growth in Nigeria. To achieve its objectives the study
estimated an error correction model and multiple regression model with GDP as
the dependent variable, while industrial output, maximum lending rate,
inflation rate and gross fixed capital formation and FDI as independent
variable. A Johansson cointegration test was also carried out to detect the
presence or otherwise of a long run relationship. Annual time series data
rangingfrom 1981- 2017 ofthe selected variables were employed in the analysis.
The study established that in the period under review, industrial sector output
has a positive impact on economic growth in Nigeria both in the long run and
shortrun. The impact is also statistically significant indicating that
industrial output is a major determinant ofEconomic growth in Nigeria. The
study recommends that industrial and investment policy should be flexible on
infant industries so as to encourage productivity and improve GDP.
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MICHAEL, U (2026). Impact Of Industrial Output On The Economics Growth Of Nigeria:- Ufomba Justina O. Mouau.afribary.org: Retrieved May 29, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-industrial-output-on-the-economics-growth-of-nigeria-ufomba-justina-o-7-2
UNIVERSITY, MICHAEL. "Impact Of Industrial Output On The Economics Growth Of Nigeria:- Ufomba Justina O" Mouau.afribary.org. Mouau.afribary.org, 29 May. 2026, https://repository.mouau.edu.ng/work/view/impact-of-industrial-output-on-the-economics-growth-of-nigeria-ufomba-justina-o-7-2. Accessed 29 May. 2026.
UNIVERSITY, MICHAEL. "Impact Of Industrial Output On The Economics Growth Of Nigeria:- Ufomba Justina O". Mouau.afribary.org, Mouau.afribary.org, 29 May. 2026. Web. 29 May. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-industrial-output-on-the-economics-growth-of-nigeria-ufomba-justina-o-7-2 >.
UNIVERSITY, MICHAEL. "Impact Of Industrial Output On The Economics Growth Of Nigeria:- Ufomba Justina O" Mouau.afribary.org (2026). Accessed 29 May. 2026. https://repository.mouau.edu.ng/work/view/impact-of-industrial-output-on-the-economics-growth-of-nigeria-ufomba-justina-o-7-2