This paper empirically analyzes the impact of economic liberalization on industrial sector
performance in Nigeria. Applying the OLS estimation technique with standard errors corrected
for serial correlation on the dummy variable structural break model, this paper holds that
economic liberalization has a significant impact on performance of the Nigerian manufacturing,
mining and quarrying, and power subsectors, respectively and the aggregate industrial sector. The
interaction of the policy with trade openness and financial deepening dampened the performance
of the manufacturing subsector while its interaction with labour force is growth enhancing. Also
the interaction of the policy with energy consumption was negative but financial deepening and
energy consumption has dampening effect on the performance of the mining and quarrying
subsector. While it has enhancing impact on the aggregate industrial sector and was not
significant on mining and quarrying and power subsectors, economic liberalization decreased the
performance of the manufacturing subsector. Beside, financial deepening has mix impact on the
performance of the industrial sector. While it has increasing impact on the aggregate industrial
sector it impact on manufacturing performance is negative.
Edeme, R. & Krimo, T (2019). ECONOMIC LIBERALIZATION AND INDUSTRIAL SECTOR PERFORMANCE IN NIGERIA. Afribary. Retrieved from https://track.afribary.com/works/economic-liberalization-and-industrial-sector-performance-in-nigeria
Edeme, Richardson, and Tamarauntari Krimo "ECONOMIC LIBERALIZATION AND INDUSTRIAL SECTOR PERFORMANCE IN NIGERIA" Afribary. Afribary, 19 Feb. 2019, https://track.afribary.com/works/economic-liberalization-and-industrial-sector-performance-in-nigeria. Accessed 24 Nov. 2024.
Edeme, Richardson, and Tamarauntari Krimo . "ECONOMIC LIBERALIZATION AND INDUSTRIAL SECTOR PERFORMANCE IN NIGERIA". Afribary, Afribary, 19 Feb. 2019. Web. 24 Nov. 2024. < https://track.afribary.com/works/economic-liberalization-and-industrial-sector-performance-in-nigeria >.
Edeme, Richardson and Krimo, Tamarauntari . "ECONOMIC LIBERALIZATION AND INDUSTRIAL SECTOR PERFORMANCE IN NIGERIA" Afribary (2019). Accessed November 24, 2024. https://track.afribary.com/works/economic-liberalization-and-industrial-sector-performance-in-nigeria