Macro-economic determinants of industrial output in Nigeria: Exchange rate and employment dimension
This study looks at the macro-economic determinants of industrial output in relation to exchange rate and employment in Nigeria. It employs the Autoregressive Distribution Lag (ARDL) econometric approach to co-integration using time series data for the period of 30 years (1986 -2016) to examine the long-run relationship between industrial performance and some macroeconomic variables in Nigeria to gain insights into the industrial paradox of high inflation and low employment rate alongsiderising interest rate, incessant power outage and political treat in the economy.