TY  - JOUR
T1  - Output Composition of the Manufacturing Sector and Household Consumption in Nigeria: Evidence from A Vector Autoregressive Approach
AU - Eregha, P.B. AU - Onotaniyohwo, F.O. AU - Oziegbe, T.R . AU - Sede, P.I. 
JO  - Journal of Economics Theory
VL  - 6
IS  - 2
SP  - 70
EP  - 75
PY  - 2012
DA  - 2001/08/19
SN  - 1994-8212
DO  - jeth.2012.70.75
UR  - https://makhillpublications.co/view-article.php?doi=jeth.2012.70.75
KW  - Vector Autoregressive Model
KW  -household consumption
KW  -Manufacturing output composition
KW  -variance decomposition
KW  -economy
KW  -GDP
AB  - This study investigated the effect of the different composition of manufacturing 
output on household consumption in Nigeria. A Vector Autoregressive (VAR) Approach 
was used. Annual time series data for the study covering the period 1970-2008 
were extracted from the Central Bank of Nigeria Statistical Bulletin. The variance 
decomposition results reveal that bear and stout manufacturing had the largest 
shock to household consumption. This was also confirmed by the estimated VAR result 
that bear and stout manufacturing had a significantly positive effect on household 
consumption. Per capita GDP was found to have insignificant effect on household 
consumption. Researchers therefore recommend that policies aimed at bolstering 
other manufacturing composition to diversify the economy be pursed such as creating 
the right environment as such will enhance per capita income of the household.
ER  -