AN EMPIRICAL ANALYSIS OF THE IMPACT OF BANK MONEY DEPOSITS ON THE MANUFACTURING SECTOR IN NIGERIA (1980-2012)

AN EMPIRICAL ANALYSIS OF THE IMPACT OF BANK MONEY DEPOSITS ON THE MANUFACTURING SECTOR IN NIGERIA (1980-2012) (ECONOMICS PROJECT TOPICS AND MATERIALS)

ABSTRACT

This research study, by means of a robust statistical analysis investigates the impact of deposit money bank on the manufacturing sector in Nigeria. Data from 1980-2012 were examined. The empirical analysis carried out showed that the lag of exchange and commercial bank credit have a significant and positive impact on manufacturing sector in Nigeria within the period under review, and as such the monetary and capital market in Nigeria should be further developed to meet standards and provide the necessary capital for the manufacturing sector. Also the government and relevant authorities should see to the strengthening of the exchange rate.

CHAPTER ONE

1.1. BACKGROUND OF THE STUDY

Manufacturing is the capacity to produce goods with labour, materials and inputs produced by others. Simple forms of manufacturing have characterized all organised societies but the application of steam power to production in Britain in the late eighteenth and early nineteenth centuries significantly increased the capacity for production, and since this first industrial revolution, economic progress has in many peoples minds been linked with the capacity to produce and trade in manufactured products.

Manufactures now dominate world trade and typically are around 80 percent of world exports in any year with developing accounting for nearly one- third of this. In the bulk of developing countries, outside the LDCs and the oil rich states, manufacturers account for a majority of export revenue. In terms of regional distribution, the bulk of developing country manufactured exports come from East Asia (70 percent in 2005) with approximately 40 percent of those from china.Export data are also available by product category gives developing country and regional shares is manufactured exports by selected types of product. It shows developing countries as a group taking more than 50 percent of world exports in the labour intensive, simple technology categories of textiles, footwear and leather.

AN EMPIRICAL ANALYSIS OF THE IMPACT OF BANK MONEY DEPOSITS ON THE MANUFACTURING SECTOR IN NIGERIA (1980-2012) (ECONOMICS PROJECT TOPICS AND MATERIALS)