Factors Affecting Capacity Utilization Decisions in Nigeria: A Time Series Analysis.

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dc.contributor.authorMojekwu, J. N.
dc.contributor.authorIwuji, I. I.
dc.date.accessioned2017-10-23T09:13:38Z
dc.date.available2017-10-23T09:13:38Z
dc.date.issued2012
dc.descriptionStaff publicationen_US
dc.description.abstractThis study examined the impact of some macroeconomic variables and power supply on the performance of the Nigerian manufacturing sector, using ex-post facto research design. Secondary data were sourced from Central Bank of Nigeria (CBN) statistical bulletin (2009) and other publications. The main findings of the study were that power supply had positive and significant impact on capacity utilization while inflation rate and interest rate had negative impact on capacity utilization. However, the impact of interest rate was significant at 5% level while lending rate was insignificant. Time series data were analysed with the aid of e-views 5.0 econometric computer package using least square multiple regression technique. The regression model explained 88.54% of the variation in capacity utilization, after correcting for linearity, normality, auto-correlation and heteroscedascity. The study recommended that the ongoing privatisation of Power Holding Company of Nigeria should be pursued with vigour and that the policy thrust of single digit inflation and lending rates by CBN should be sustained. The government should also put in place monetary and fiscal policies to create an enabling environment for the manufacturing sector, thereby giving a boost to the economy as a whole.en_US
dc.identifier.citationMojekwu, J. N. & Iwuji, I. I. (2012), Factors Affecting Capacity Utilization Decisions in Nigeria: A Time Series Analysis. International Business Research, vol. 5 (1).en_US
dc.identifier.issnhttp://dx.doi.org/10.5539/ibr.v5n1p157
dc.identifier.issn1913-9012
dc.identifier.issn1913-9004
dc.identifier.issnhttp://www.ccsenet.org/journal/index.php/ibr/article/view/13856
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2462
dc.language.isoenen_US
dc.subjectCapacity utilizationen_US
dc.subjectMultiple regressionen_US
dc.subjectCo-integrationen_US
dc.subjectAutoregressive Modelen_US
dc.titleFactors Affecting Capacity Utilization Decisions in Nigeria: A Time Series Analysis.en_US
dc.typeArticleen_US
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