The Impact of Monetary Policy Indicators on Industrial Output Performance in West African Countries
Domain:
socioeconomicRecord type:
paper
Creator:
Sun
Publisher:
IIA
Host:
The study examined the impact of monetary policy indicators on industrial output performance in
West African Countries. The study used secondary data sourced spanned between 1980 and 2022.
Panel Auto-Regressive Distribution Lag (ARDL) was employed as an estimation technique. The
results shown that the real interest rates, monetary policy rates, and global oil prices all have a
significant impact on how well the production sector performs in the West African nations. Based
on the findings of this study, the following recommendations were made, the monetary authorities
in West African nations should lower the money supply and the monetary policy rate in order to
increase the production of goods and services also, the money supply and monetary policy rate
should be crafted to increase consumer and business demand for services in order to support the
industrial sector.
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