International records / OpenAlex research

Does Capacity Utilization Reduce Unemployment? Evidence from Nigeria

This study empirically investigated the effect of capacity utilization on unemployment in Nigeria over the period of thirty-five years, ranging from 1990 to 2024. The study proxied capacity utilization (independent variable) by capacity utilization, industrial production index and labour force participation rate while unemployment (dependent variable) was measured by unemployment rate. Okun’s Law and Keynesian theory of employment were the theories adopted in the study. Annual time series data were used and these data were sourced from World Development Index (WDI) of the World Bank and Nation…