@article{Obamuyi_Edun_Kayode_2012, title={BANK LENDING, ECONOMIC GROWTH AND THE PERFORMANCE OF THE MANUFACTURING SECTOR IN NIGERIA}, volume={8}, url={https://eujournal.org/index.php/esj/article/view/54}, DOI={10.19044/esj.2012.v8n3p%p}, abstractNote={The study investigates the effect of bank lending and economic growth on the manufacturing output in Nigeria. Times series<br />data covering a period of 36 years (1973-2009) were employed and tested with the cointegration and vector error correction<br />model (VECM) techniques. The findings of the study show that manufacturing capacity utilization and bank lending rates<br />significantly affect manufacturing output in Nigeria. However, the relationship between manufacturing output and economic<br />growth could not be established in the country. These results, therefore, call for concerted effort by the government,<br />manufacturers and the lending institutions to reviewing the lending and growth policies and provide appropriate macroeconomic<br /&gt;environment, in order to encourage investment-friendly lending and borrowing by the financial institutions.}, number={3}, journal={European Scientific Journal, ESJ}, author={Obamuyi, Tomola Marshal and Edun, Adebisi T. and Kayode, Olawale Femi}, year={2012}, month={Feb.} }