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Measurement of Capital Usage in Nigerian Industries
Author(s) -
Olaloye A.O.
Publication year - 1992
Publication title -
journal of the royal statistical society: series a (statistics in society)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.103
H-Index - 84
eISSN - 1467-985X
pISSN - 0964-1998
DOI - 10.2307/2982958
Subject(s) - business , capital (architecture) , economics , geography , archaeology
SUMMARY The measurement of capital usage has engaged the attention of economists for a long time, because estimates of capital usage are used in investment decision‐making of business firms and in estimating production functions and productivity. The paper discusses various methods that have been used for the measurement of capital usage. A model is formulated and fitted to cross‐sectional data from Nigerian manufacturing industries. The estimate of capital usage compares favourably with estimates derived from other studies.