Papers by VALENTINE CHETACHUKWU OKORO
RePEc: Research Papers in Economics, Apr 8, 2016
The importance of capital expenditure in an economy cannot be overemphasized. In Nigeria, capital... more The importance of capital expenditure in an economy cannot be overemphasized. In Nigeria, capital expenditure has been given meager allocation, and the manufacturing sector has been experiencing poor growth. To this end, this study examines whether the low manufacturing sector's growth in Nigeria is as a result of the poor allocation to capital expenditure, also whether there is any causal relationship between capital expenditure and manufacturing sector's growth. In executing this study, the Error Correction Mechanism (ECM) is employed after Augmented Dickey Fuller (ADF) unit root test as well as Johansen Co-integration analysis have been applied to the variables in our model-Manufacturing Output in Nigeria; Capital Expenditure; Foreign Direct Investment; Interest Rate; and Exchange Rate. Granger causality test is employed to determine whether there is any causal relationship between capital expenditure and manufacturing sector's growth. The study finds that capital expenditure has significant impact on manufacturing sector's growth. It also finds that capital expenditure Granger causes manufacturing sector's growth in Nigeria. The study recommended imperative policy options which we believe that if implemented; there will be tremendous improvements in the manufacturing sector's growth in Nigeria.
Proliferation of Small Arms and Light Weapons in West Africa: Implications for Subregional Security
... OF SMALL ARMS AND LIGHT WEAPONS IN WEST AFRICA: IMPLICATIONS FOR SUBREGIONAL SECURITY, by MAJ... more ... OF SMALL ARMS AND LIGHT WEAPONS IN WEST AFRICA: IMPLICATIONS FOR SUBREGIONAL SECURITY, by MAJ Valentine Okoro, 91 pages. ... 2 Comfort Ero and Angela Ndinga-Muvumba, Small Arms and Light Weapons, in West Africa's Security Challenges: Building ...
The importance of capital expenditure in an economy cannot be overemphasized. In Nigeria, capital... more The importance of capital expenditure in an economy cannot be overemphasized. In Nigeria, capital expenditure has been given meager allocation, and the manufacturing sector has been experiencing poor growth. To this end, this study examines whether the low manufacturing sector’s growth in Nigeria is as a result of the poor allocation to capital expenditure, also whether there is any causal relationship between capital expenditure and manufacturing sector’s growth. In executing this study, the Error Correction Mechanism (ECM) is employed after Augmented Dickey Fuller (ADF) unit root test as well as Johansen Co-integration analysis have been applied to the variables in our model- Manufacturing Output in Nigeria; Capital Expenditure; Foreign Direct Investment; Interest Rate; and Exchange Rate. Granger causality test is employed to determine whether there is any causal relationship between capital expenditure and manufacturing sector’s growth. The study finds that capital expenditure ha...
Uploads
Papers by VALENTINE CHETACHUKWU OKORO