Open AccessACCOUNTING FOR MANUFACTURING OUTPUT IN NIGERIAN ECONOMIC GROWTH: KALDORIAN APPROACH WITH THE NEW INTERPRETATION
Author(s) -
. Usman,
Oral Moses
Publication year - 2019
Publication title -
international journal of engineering applied science and technology
Language(s) - English
Resource type - Journals
ISSN - 2455-2143
DOI - 10.33564/ijeast.2019.v04i05.009
Subject(s) - interpretation (philosophy) , economics , macroeconomics , econometrics , computer science , programming language
The study investigated the applicability of Kadorian approach to measure the effect of Nigerian manufacturing output on economic growth with new interpretation. Time series data from 1981 to 2016 were collected and used from CBN bulletin. Ordinary least square method is employed to examine the impact of manufacturing outputs on economic growth and also its impact on exports. The results of the study showed that there was a strong relationship between manufacturing output and economic growth and likewise, there was strong relationship between manufacturing output and export. The new interpretation says that there must have been relationship between manufacturing output and export before it could be said that there is relationship between the manufacturing output and economic growth, invariably, new interpretation of Kaldorian approach is also held in Nigeria. The paper therefore, recommends that manufacturing sectors should be encouraged, expanded and controlled for continual production of quality products that will be attracting external demands so as to record increasing exports.