{"id":9445,"date":"2024-09-02T14:25:05","date_gmt":"2024-09-02T14:25:05","guid":{"rendered":"https:\/\/seybold-report.com\/?page_id=9445"},"modified":"2024-09-02T14:42:02","modified_gmt":"2024-09-02T14:42:02","slug":"jiakponna-2","status":"publish","type":"page","link":"https:\/\/seybold-report.com\/index.php\/jiakponna-2\/","title":{"rendered":"Jiakponna"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"9445\" class=\"elementor elementor-9445\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-59c170b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59c170b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73c1687\" data-id=\"73c1687\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-905a7cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"905a7cf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b9cb67b\" data-id=\"b9cb67b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-342d363 elementor-widget elementor-widget-text-editor\" data-id=\"342d363\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h5><strong>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h5><p><a href=\"https:\/\/seybold-report.com\/\"><strong>MACROECONOMIC DYNAMICS AND THE REAL ECONOMY IN SUB -SAHARAN AFRICAN COUNTRIES: A STUDY OF NIGERIA, SOUTH AFRICA AND GHANA<\/strong><\/a><\/p><p><strong>\u00a0<\/strong><strong>AUTHORS:\u00a0 \u00a0 \u00a0<\/strong><\/p><p><strong><sup>1<\/sup><\/strong><strong>Jiakponna, Chinedu Sunday, <sup>2<\/sup>Ani, Wilson Uchenna, <sup>3<\/sup>Osuala, Alex, <sup>4<\/sup>Onyele, Kingsley Onyekachi, <sup>5<\/sup>Jiakponna, Maureen Chinyere, <sup>6<\/sup>Okore, Amah Okore<\/strong><\/p><p><strong>DOI<\/strong>: <a href=\"https:\/\/zenodo.org\/records\/13629142\">10.5281\/zenodo.13629142<\/a><\/p><p><span style=\"font-size: 16px;\">\u00a0<\/span><strong style=\"font-size: 16px;\">Page:\u00a0 \u00a051-90<\/strong><span style=\"font-size: 16px;\">\u00a0\u00a0<\/span><strong style=\"font-size: 16px;\">\u00a0Vol:<\/strong><span style=\"font-size: 16px;\"> 19\u00a0 \u00a0 <\/span><strong style=\"font-size: 16px;\">Issue:<\/strong><span style=\"font-size: 16px;\"> 09\u00a0 <\/span><strong style=\"font-size: 16px;\">Year:<\/strong><span style=\"font-size: 16px;\"> 2024<\/span><\/p><p><img decoding=\"async\" class=\"alignnone wp-image-3235\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png\" alt=\"creative commons, cc, character-785334.jpg\" width=\"26\" height=\"26\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-1022x1024.png 1022w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-150x150.png 150w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-768x769.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334.png 1278w\" sizes=\"(max-width: 26px) 100vw, 26px\" \/>\u00a0 \u00a0<img decoding=\"async\" class=\"alignnone size-medium wp-image-1242\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png\" alt=\"\" width=\"300\" height=\"14\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-768x36.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616.png 900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p><strong>ABSTRACT<\/strong><\/p><p>This research examined the impact of macroeconomic dynamics on the real economy of three sub-Saharan African nations over a forty-year period, spanning from 1981 to 2020. The Augmented Dickey-Fuller (ADF) test revealed that the dataset exhibited a combination of integrated levels and first difference variables, necessitating the utilization of the autoregressive distributed lag (ARDL) model. Primarily, the findings indicate that the effect of macroeconomic indicators on GDP differed across Nigeria, South Africa, and Ghana. In the prolonged term, Nigeria&#8217;s economy experienced a substantial negative impact from the exchange rate and discount rate, with inflation displaying a negative and inconsequential effect, while the unemployment rate had a positive yet insignificant influence on Nigeria&#8217;s GDP. South Africa&#8217;s GDP was significantly and adversely affected by the exchange rate and inflation in the long run, whereas the discount rate and unemployment rate had a negative and insignificant impact on South Africa&#8217;s GDP over time. Ghana&#8217;s long-term GDP was notably and negatively influenced by the exchange rate, discount rate, and unemployment rate, while inflation had a negative and inconsequential effect. The error correction mechanism within the ARDL model indicated that GDP in all the examined countries was influenced in varying manners by the chosen macroeconomic indicators. In the short term, the exchange rate, inflation rate, discount rate, and unemployment rate were significant factors affecting Nigeria&#8217;s GDP; for South Africa, GDP was notably influenced by the exchange rate, discount rate, and unemployment rate in the short term, while Ghana&#8217;s GDP was significantly impacted by inflation, discount rate, and unemployment rate in the short term. From a policy standpoint, these results are particularly relevant to governmental bodies tasked with the management of the economy.<\/p><p><strong>\u00a0<\/strong><strong>Keywords:<\/strong><\/p><p>Macro-economic indicators, GDP,ARDL, Exchange rate, Discount rate, Inflation rate.<\/p><p><a href=\"#\"><strong>Received<\/strong>:<\/a> 02 August 2024<\/p><p><a href=\"#\"><strong>Accepted:<\/strong><\/a> 26 August 2024<\/p><p><a href=\"#\"> <strong>Published:<\/strong><\/a> 04 September 2024<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d52766b elementor-widget elementor-widget-button\" data-id=\"d52766b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2024\/09\/Jiakponna04.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e489e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e489e3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c7edd28\" data-id=\"c7edd28\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b8de37e elementor-widget elementor-widget-image\" data-id=\"b8de37e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/ddds-e1688811920951-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail wp-image-2318\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 MACROECONOMIC DYNAMICS AND THE REAL ECONOMY IN SUB -SAHARAN AFRICAN COUNTRIES: A STUDY OF NIGERIA, SOUTH AFRICA AND GHANA \u00a0AUTHORS:\u00a0 \u00a0 \u00a0 1Jiakponna, Chinedu Sunday, 2Ani, Wilson Uchenna, 3Osuala, Alex, 4Onyele, Kingsley Onyekachi, 5Jiakponna, Maureen Chinyere, 6Okore, Amah Okore DOI: 10.5281\/zenodo.13629142 \u00a0Page:\u00a0 \u00a051-90\u00a0\u00a0\u00a0Vol: 19\u00a0 \u00a0 Issue: 09\u00a0 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/seybold-report.com\/index.php\/jiakponna-2\/\"> <span class=\"screen-reader-text\">Jiakponna<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-9445","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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