Asymmetric Macroeconomic Impacts on Deindustrialization in Nigeria: A Dataset

📄 Data Description This dataset underpins the empirical analysis presented in the manuscript titled "Asymmetric Macroeconomic Impacts on Deindustrialization in Nigeria: A Nonlinear ARDL Approach". It comprises a carefully curated selection of macroeconomic indicators that collectively capture structural changes in Nigeria’s economy from an industry-focused lens. Variables included are: • Agriculture Share of GDP (%) • Services Share of GDP (%) • Industry Share of GDP (%) • Industry GDP Share Changes (%) • Industry Activity Growth Rate (%) • Deindustrialization (DIN): Proxy measure for structural economic transition away from industrial production. • Inflation (INF): Reflects consumer price changes and economic stability. • Exchange Rate (EXR): Influences trade dynamics and competitiveness. • Monetary Policy Rate (MPR): Set by the Central Bank of Nigeria to manage interest rates and money supply. • Foreign Direct Investment (FDI): Indicates cross-border capital flows and investment attractiveness. • Trade Openness (TOP): Measures Nigeria’s integration into global trade. • Total Electricity Consumption (TEC, in GWh): Serves as a proxy for economic activity and developmental intensity. In the modeling framework—specifically, a Nonlinear Autoregressive Distributed Lag (NARDL) approach—TOP and TEC are incorporated as control variables to better isolate asymmetric responses to macroeconomic changes. All data points are annual and were sourced from: • Central Bank of Nigeria (CBN): Monetary and financial datasets. • National Bureau of Statistics (NBS): Official national statistics covering economic sectors. • World Bank Database: For broader comparative metrics and internationally consistent indicators. The dataset was compiled to support time-series econometric analysis aimed at examining the nonlinear and asymmetric impacts of selected macroeconomic variables on the process of deindustrialization in Nigeria.