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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Determinants of household per capita consumption in Nigeria: Blinder-Oaxaca decomposition model approach. |
| Authors Name: | Seun Adebowale Adebanjo , Pius Sibeate , Emmanuel Banchani |
| Unique Id: | IJSDR2306002 |
| Published In: | Volume 8 Issue 6, June-2023 |
| Abstract: | Socio-economic development, household income, and finances are all significantly influenced by household per capita consumption. The primary objective of this study is to investigate the determinants of household per capita consumption in Nigeria using the Blinder-Oaxaca decomposition model approach. Longitudinal data were collected from the World Bank publication of the 2020 covid-19 national longitudinal phone survey conducted in Nigeria. Blinder-Oaxaca decomposition model was applied and the model is statistically significant which indicate that household per capita consumption is significantly associated with the socio-economic factors, finance, percentage of working adults working, percentage of working adults working in agriculture, percentage of working adult working in the wage work and phone sample. Additionally, the result of the analysis of this study shows that the coefficient of finance, percentage of working adult working and percentage of adult working in the wage work have a positive significant impact on household per capita consumption which suggest that the more the account from the financial institution, the more the percentage of adult working and percentage of adult working in the wage work, the more or greater will be the household per capita consumption. Consequently, it is advised that coordinated efforts be made to improve the income base of households. The government should also support inclusive finance since it will empower Nigerian households, increase employment, and increase household income, all of which will increase per capita spending overall. |
| Keywords: | Household per capita consumption, Socio-economic factors, Blinder-Oaxaca decomposition. |
| Cite Article: | "Determinants of household per capita consumption in Nigeria: Blinder-Oaxaca decomposition model approach.", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 6, page no.8 - 15, June-2023, Available :http://www.ijsdr.org/papers/IJSDR2306002.pdf |
| Downloads: | 000337353 |
| Publication Details: | Published Paper ID: IJSDR2306002 Registration ID:206362 Published In: Volume 8 Issue 6, June-2023 DOI (Digital Object Identifier): Page No: 8 - 15 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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