Influence of firm related factors and industrial policy regime on technology based capacity utilization in sugar industry in Nigeria
AbstractThe study analyzed the technology based capacity utilization rate in sugar industry in Nigeria in the period 1970 to 2010. Data used in the study were obtained from the sugar firms, publications of the Central Bank of Nigeria and National Bureau of Statistics. Augmented Dicker Fuller unit root test was conducted on the specified data to ascertain their stationarity and order of integration. The result reveals that some variables were stationary at level while some were stationary at first difference. The diagnostic statistics from the multiple log linear regression on the specified variables confirmed the reliability of the model. The empirical result reveals that sugar cane price and sugar industryâ€™s real energy consumption have significant negative relationship with the technology based capacity utilization in the sugar industry in Nigeria. On the other hand, the wage rate of skill workers, industryâ€™s, real research expenditure, human capital and period of import substitution have significant positive influenced on the technology based capacity utilization rate in the industry. Our findings suggest that policy measures aim at expanding the hectares of industrial sugarcane and increase production of refined petroleum fuel in the country will promote capacity utilization in the industry. Also policies targeted on the intensification of research and improved workerâ€™s remuneration in the sub-sector is strongly advocated.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Czech University of Life Sciences Prague, Faculty of Economics and Management in its journal AGRIS on-line Papers in Economics and Informatics.
Volume (Year): 3 (2011)
Issue (Month): 3 (September)
Sugar; firm; capacity; utilization; industry; technology; Agribusiness; Agricultural and Food Policy; Environmental Economics and Policy; GA; IN;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Resende, Marcelo, 2000. "Regulatory Regimes and Efficiency in US Local Telephony," Oxford Economic Papers, Oxford University Press, vol. 52(3), pages 447-70, July.
- Omer Gokcekus, 1998. "Trade liberalization and capacity utilization: New evidence from the Turkish rubber industry," Empirical Economics, Springer, vol. 23(4), pages 561-571.
- H. Kim, 1999. "Economic Capacity Utilization and its Determinants: Theory and Evidence," Review of Industrial Organization, Springer, vol. 15(4), pages 321-339, December.
- Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.