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- W2184702709 abstract "Wood, a major product of the wood carvers is obtained from trees in the forest which then necessitate the concept of sustainability. This study examines revenue function and conduct market analysis of wood carving in Ibadan metropolis and Oyo town in Oyo State, Nigeria with a view to assess the magnitude of production coefficients of the wood carvers. This serve as the base for determining optimum patterns of intrastate trade. Data for the exercise were obtained using purposive random sampling of a limited number of wood carving industries in the study area. .Sampling was 100%. Twenty two questionnaires were administered to wood carvers in Ibadan while ten questionnaires were administered to wood carvers in Oyo town. The results showed that out of the three functional forms tried for the revenue performance, Exponential function is the most fit for the study. It has the highest Coefficient of Determination (R 2 =76.03%). The explanatory variables (labour, wood utilized, finishing materials and transportation cost) were significant (P<0.01) and showed positive correlations to gross revenue. It is recommended that there should be a re-organization of the wood carving industry to enhance their productive potentials and profitability. The State government should motivate the wood carvers with incentives to expand the scale of production which in turn would foster tourist attractions." @default.
- W2184702709 created "2016-06-24" @default.
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- W2184702709 date "2014-01-01" @default.
- W2184702709 modified "2023-09-27" @default.
- W2184702709 title "DETERMINANT OF PROFITABILITY IN THE WOOD CARVING INDUSTRY IN OYO STATE, NIGERIA" @default.
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