Determinants of manufacturing capacity utilization in Nigeria, 1970-1998

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Periodical article

Title:	Determinants of manufacturing capacity utilization in Nigeria, 1970-1998
Author:	Ukoha, Obasi O.
Year:	2000
Periodical:	The Nigerian Journal of Economic and Social Studies
Volume:	42
Issue:	2
Pages:	121-129
Language:	English
Geographic term:	Nigeria
Subjects:	industry industrial potential
Abstract:	This paper explores the determinants of capacity utilization in the Nigerian manufacturing industry during the period 1970 to 1980. The data used for the study were obtained from government sources, namely the Statistical Bulletin, Annual Report and Statement of Accounts, published by the Central Bank of Nigeria. An econometric approach was employed for the data analysis. The study reveals that the exchange rate, federal government capital expenditure on manufacturing, and per capita real income have positive effects on manufacturing capacity utilization. On the other hand, inflation, and loans and advances to manufacturing have a negative effect. Recommendations include the adoption of economic policies that ensure price stability and at the same time achieve target opjectives. App., bibliogr., sum. [Journal abstract]