Browsing by Author "Akpan, D. B."

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    The impact of lending rate on the manufacturing sector in Nigeria
    (Central Bank of Nigeria, Research Department., 2016-03) Akpan, D. B.; Yilkudi, D. J.; Opiah, D. C.
    The study investigates the impact of lending rate on output of the manufacturing subsector using the vector error correction model and annual data from 1981 - 2014. The empirical results indicated that high lending rate had negative impact on manufacturing output in the long-run. The study, therefore recommends the implementation of investment friendly policies that narrows, the lending rate by the deposit money banks in order to stimulate output growth in the manufacturing sub-sector and allow global competitiveness of products.