An Econometric Study of Fixed Capital and Investment Behaviour in Nigeria Manufacturing Industries.
No Thumbnail Available
Akinnifesi, Emmanuel .Olulana.
University of Lagos
The primary aim of this study is to analyse empirically the determinants of investment behaviour in Nigeria manufacturing industries based on five alternative theories on investment and private foreign investment data for a sample of eight manufacturing industries over the period 1966 to 1976. The industries include: Food Beverages, Textiles, Footwear, Furniture, Paper, Leather and Rubber while the theories are the Accelerator, Liquidity, Expected Profit, Neoclassical I and Neoclassical II. Using a ''generalized accelerator mechanism'', the theories are unified while the rational distributed lags also provide the basis for the lag generating mechanism of the investment functions.
Economic , Investment , Manufacturing , Manufacturing Industries , Fixed Capital , Development
Akinnifesi, E.O. (1981). An Econometric Study of Fixed Capital and Investment Behaviour in Nigeria Manufacturing Industries. A Thesis Submitted in Partial Fulfilment of the Requirements for the Degree of Doctor of Philosophy.