Document Type
Article
Abstract
This study investigated the influence of access to credit on the physical capital stock of non-farm household enterprises in Nigeria. The study used the binary logistic regression technique and Nigeria’s 2018-19 General Household Survey data (Wave 4). We find that the influence of access to credit on the physical capital stock of nonfarm household enterprises in Nigeria is positive and significant. This implies that access to credit enhances the capacity of these enterprises to procure physical capital stock. Our results also indicate that expenditure on raw materials, profit, and years of operations are other key drivers of physical capital stock accumulation. Consequently, we conclude that there is a need for policies to enhance access to credit by non-farm household enterprises in Nigeria to strengthen their operations on a sustainable basis.
Recommended Citation
Ojonta, Obed I. and Ogbuabor, Jonathan E.
(2021)
"ACCESS TO CREDIT AND PHYSICAL CAPITAL STOCK: A STUDY OF NON-FARM HOUSEHOLD ENTERPRISES IN NIGERIA,"
Bulletin of Monetary Economics and Banking: Vol. 24:
No.
4, Article 2.
DOI: https://doi.org/10.21098/bemp.v24i4.1515
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol24/iss4/2
First Page
631
Last Page
640
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Nigeria
Affiliation
University of Nigeria
