IDEAS home Printed from https://ideas.repec.org/p/aly/journl/202311.html
   My bibliography  Save this paper

Monetary policy and manufacturing export performance in SSA: Evidence from Panel ARDL modelling

Author

Listed:
  • Hope E. Agbonrofo

    (Babcock University, Ilisan, Nigeria)

  • Ajibola Olusegun

    (Babcock University, Ilisan, Nigeria)

  • Biola Phillip

    (Babcock University, Ilisan, Nigeria)

Abstract

We investigate the effect of monetary policy on manufacturing export performance in Sub-Saharan Africa (SSA) over the 1995 and 2020 period. Using the pooled mean group framework and focusing on 24 SSA countries, evidence shows that interest rate boosts manufacturing export in the short and long-run. However, exchange rate negatively impacts manufacturing export performance in both periods. While exchange rate is significant in the short term, it is insignificant in the long run. Lastly, private sector credit negatively and insignificantly influences short run manufacturing export, while it is substantially positive in the long-run. It is important that efforts are geared towards improving monetary policy effectiveness in the countries involved to boost the performance of manufacturing export and ensure growth.

Suggested Citation

  • Hope E. Agbonrofo & Ajibola Olusegun & Biola Phillip, "undated". "Monetary policy and manufacturing export performance in SSA: Evidence from Panel ARDL modelling," Review of Socio - Economic Perspectives 202311, Reviewsep.
    • Handle: RePEc:aly:journl:202311
    DOI: https://doi.org/10.19275/RSEP154
    as

    Download full text from publisher

    File URL: https://reviewsep.com/index.php/rsep/article/view/144/286
    Download Restriction: no
    File URL: https://reviewsep.com/?page_id=2123
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.19275/RSEP154?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    monetary policy; manufacturing export; economic growth; SSA;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aly:journl:202311. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Veysel KAYA (email available below). General contact details of provider: https://edirc.repec.org/data/degraus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.