THE IMPACT OF ECONOMIC POLICIES ON PRIVATE SECTOR BUSINESSES (A STUDY MANUFACTURING COMPANIES IN NIGERIA)
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ABSTRACT
This study looked into the relationship between Nigeria’s unemployment rate and the country’s monetary and fiscal policies. Both the Central Bank of Nigeria Statistical (2018) and the National Bureau of Statistics were used as a source for the data spanning the period of time from 1986 to 2018.
Because the data for this study are secondary and historical data, the researchers decided to employ a design for research that was not experimental. This design was desirable because of the nature of the data. The Ordinary Least Squares method was utilized when attempting to quantify the contribution that international trade makes to overall economic expansion. The data that was acquired was analyzed with procedures such as the Augmented Dickey-Fuller unit root test, Bound Cointegration, Autoregressive Distributed Lag, and Pairwise Granger Causality. Using the Augmented Dickey-Fuller unit root test, it was discovered that manufacturing productivity, broad money supply, exchange rate, and inflation rate were all stationary at level. Additionally, it was discovered that government total expenditure and trade openness were also stationary at level. ECONOMIC POLICIES ON PRIVATE SECTOR BUSINESSES
According to the findings of the research conducted, monetary and fiscal policies played a vital and significant impact in boosting the performance of the business sector. In Nigeria, the performance of the business sector can be impacted, at least to some degree, by monetary and fiscal policy over the long term.
According to the findings of the study, economic policies in Nigeria are beneficial in boosting the performance of the country’s commercial sector. In addition, the study suggests that the current monetary policy should be maintained. [Citation needed] It is necessary for the government of the nation to reconsider and enhance its trade policy. The exchange rate ought to be maintained at its current level.
THE IMPACT OF ECONOMIC POLICIES ON PRIVATE SECTOR BUSINESSES (A STUDY MANUFACTURING COMPANIES IN NIGERIA)
DOWNLOAD THE COMPLETE PROJECT MATERIAL
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