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Equation (1) and Equation (2) relate to manufacturing sector growth model (MNFG), Equation (3) is to explain agriculture sector growth model and Equation (4) addresses the services sector growth model.
The results of the econometric equation (2), implies that its impact on MNFG has been found positive, but statistically insignificant.
A model of two econometric equations (Equation (1) and Equation (2)) has been specified in order to study the effects of CPI inflation on manufacturing sector growth, with other important macroeconomic explanatory variables which affect the MNFG.