Monetary Policy and Small and Medium Enterprises (SMEs) Performance in Nigeria

• Autorzy: Bamidele Muzliu Ilo , Yusuf Aina Soyebo , Olusola Enitan Olowofela
• Języki publikacji: EN

Abstrakty

EN

The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, includes actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981-2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and short-term dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria. (original abstract)

Słowa kluczowe

EN

Monetary policy; Small business; Money supply

PL

Polityka pieniężna; Małe i średnie przedsiębiorstwa; Podaż pieniądza

• Czasopismo: Modern Management Review
• Rocznik: 2023
• Tom: 28
• Numer: nr 2
• Strony: 25--37

Twórcy

autor

Bamidele Muzliu Ilo

• Olabisi Onabanjo University, Nigeria

autor

Yusuf Aina Soyebo

• Lagos State University, Nigeria

autor

Olusola Enitan Olowofela

• Olabisi Onabanjo University, Nigeria

Bibliografia

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Identyfikatory

DOI

10.7862/rz.2023.mmr.09