Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019

Oyetunji David Olalere; Muhammad Nuruddeen Isa

doi:10.34257/GJMBRBVOL21IS2PG7

Authors

Oyetunji David Olalere
Muhammad Nuruddeen Isa

Keywords:

Abstract

This study examined the impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry in Nigeria using time series data from 1987 to 2019. The objective of this research is to establish the Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019. Autoregressive Distributed Lag Model (ARDL) method was used. The findings from the study revealed that Sales volume (LSAV (-1)) at one lag period and Completely knocked down (LCKD) at lag value have significant impact on economic growth while Exchange rate (EXCR) is not significant. Interest rate and inflation rate appear to be statistically significant in determining economic growth at their contemporaneous values. Hence, we conclude that Sales Volume and Completely Knocked Down in Automotive Industry positively impacted on the economic growth in Nigeria over the period under study We therefore recommend that government should encourage an increase in sales volume for the economic growth status to keep enjoying positive contributions to the automotive sector in Nigeria.

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Impact of Sales Volume (SAV) and Completely Knocked Down (CKD) in Automotive Industry on Economic Growth in Nigeria: 1987-2019. (2021). Global Journal of Management and Business Research, 21(B2), 7-16. https://doi.org/10.34257/GJMBRBVOL21IS2PG7

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