BSU Logo

Nigeria Journal of Management Sciences (NJMS), Benue State University

Example of Bootstrap 3 Dropdowns within Buttons

Impact of Interest and Exchange Rates on the Performance of the Nigerian manufacturing sector

Helen Douglas
Department of Economics Taraba State University, Jalingo Saba.heldogg11@yahoo.com.economics 08030943357

Eche, Emmanuel
Department of Economics Federal University Wukari lecheznk@yahoo.com (08063840405)

Adi, Daniel
Department of Educational Administration Federal University of Agriculture, Makurdi lordswillgrace@yahoo.com/adigracedaniel@gmail.c om

Abstract

The main focus of this study is to evaluate the impact of interest and exchange rates on the performance of the manufacturing sector and in pursuance of this; the multiple regression analysis was used to evaluate the impact of interest rate and exchange rate on the performance of the manufacturing sector. According to the result of the analysis, interest rates do not have a significant impact on the performance of the manufacturing sector. But this is contrary to economic reasoning and so we advocated for more extensive study on this area. Exchange rates showed a significant inverse relationship with the performance of the manufacturing sector within the period covered.

Keywords: Interest Rate, Exchange Rates, manufacturing sector

To get access to the full text of this article: Faculty of Management Sciences, Benue State University, Makurdi, Nigeria.

* Email: njmsbsu@gmail.com