Assessment of energy efficiency investment in Onitsha business cluster, Nigeria

Stephen K. Dimnwobi, Ebele S. Nwokoye, Clement I. Igbanugo, Chukwunonso Ekesiobi, Simplice A. Asongu

This paper empirically assesses energy efficiency (EE) adoption among firms by examining the factors that drive investment in energy efficiency in the Onitsha plastic cluster, South-East, Nigeria. Self-administered questionnaires were delivered to the selected enterprises. A total of 450 questionnaires were administered of which 423 were certified valid and utilized for the analysis. A Heckit model was developed and estimated. Gender, firm size, Joneses effect, and expected cost reduction benefits are the significant determinants of energy efficiency investment. However, firm structure, government incentives, regulatory requirements, and reduction of carbon emission are insignificant drivers of EE investment decisions in the Onitsha Plastic Cluster. This paper presents a foremost attempt at analysing the determinants of energy investment in a cluster in Nigeria.

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Year of publication:	[2022]
Authors:	Dimnwobi, Stephen Kelechi ; Nwokoye, Ebele Stella ; Igbanugo, Clement Izuchukwu ; Ekesiobi, Chukwunonso ; Asongu, Simplice
Publisher:	[Yaoundé] : African Governance and Development Institute
Subject:	Energy Efficiency \| Nigeria \| Onitsha \| Plastic \| Cluster \| Energieeinsparung \| Energy conservation \| Regionales Cluster \| Regional cluster \| Energiepolitik \| Energy policy

Extent:	1 Online-Ressource (circa Seiten) Illustrationen
Series:	AGDI working paper. - [Yaoundé] : [Verlag nicht ermittelbar], ZDB-ID 2832636-2. - Vol. WP/22, 095
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/298188 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013468195