1 research outputs found
Electricity Supply and Business Performance in a Nigerian Private University
There has been a consistent argument in the literature as regards the impact of electricity consumption on economic growth with most studies focused
on developed economies. However, little is known on impact of electricity consumption on business performance in a university system. This study
examines the short-run and long-run impact of electricity supply on business performance in a Nigerian private university. The study adopted Engle
and Granger approach to co-integration. The result reveals that in the long run, a negative relationship exist between electricity supply and turnover.
However, cost of sales and wages have positive relationship with turnover. In the short-run, electricity supply has negative relationship with business
performance. In addition, the cost of sales is not statistically significance with turnover. The findings of the study are in line with the principle of
labour marginal productivity both in the short and long-run. Therefore, the study recommended need to consider alternative source of power supply
most especially in the long-run in order to maximize the aggregate benefit on the business performanc