Analysis of the Influence of Spatial Disparity on the Price of Sandcrete Blocks
Abstract
Spatial disparity between points of demand and supply of economic commodities and services constitute a potential source of price differential. The research presents the results of an empirical study that examined the relationship between distance, some demographic variables and the prices of sandcrete blocks. The research obtains raw data on the variables from Port Harcourt metropolis (an administrative capital city) and 22 other locations (the local government administrative headquarters) in Rivers State of Nigeria. The research employs the statistical tool of regression for analysis of data set at 5% percent significance level. The research finding, establishes that the variables of distance and demographic variables of geographical size, population and population densities recorded the following values: (16.8% - 3.90%), (0.85 – 0.953), (4.32) and (0.340 – 0.773) for R-square, Fcal, Ftab and P values respectively. The tested parameters did not significantly impact on the prices of sandcrete blocks within the research location. The research concludes that spatial disparity, in terms of the tested parameters is not a potent factor that explains differentials in the price of sandcrete block. This forms a basis for an exploratory study of the impact of other economic and macro-economic variables on prices of sandcrete blocks in the research location.
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