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Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria

Author

Listed:
  • Abubakar S. Garba

    (Department of Business Admin & Management, School of Management Studies, Kano State Polytechnic)

  • Fariastuti Djafar

    (Department of Economics, Faculty of Economics and Business, Universiti Malaysia Sarawak)

  • Shazali Abu Mansor

    (Department of Economics, Faculty of Economics and Business, Universiti Malaysia Sarawak)

Abstract

The objective of this paper is to examine the influence of poverty, unemployment and GDP on entrepreneurship. Time series data for 31 years was collected from various official sources for the analysis. Vector autoregressive (VAR) framework was adopted to systematically capture the rich dynamic of multiple time series. Other tests conducted were unit root test, Johansen and Juselius (1990) co-integration test, Granger causality and dynamic model analysis beyond the sample. It was found that poverty and GDP influence entrepreneurship negatively, while unemployment influences entrepreneurship positively. The paper reveals the presence of both opportunity and necessity driven entrepreneurs in the country. There is a need for the government to revisit the existing policy on micro, small and medium enterprises (MSMEs) to adequately address the problem of the poor and unemployed by availing them with the opportunity to engage in entrepreneurship. Future study should consider mitigating the effect of frequent entry and exit from entrepreneurship in their data to correctly predict the effect of entrepreneurship on the economy.

Suggested Citation

  • Abubakar S. Garba & Fariastuti Djafar & Shazali Abu Mansor, 2013. "Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 9(3), pages 57-78.
    • Handle: RePEc:aae:journl:v:9:y:2013:i:3:p:57-78
    DOI: 10.7341/2013934
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    Citations

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    Cited by:

    1. Neema Mori, 2015. "Access to Business Development Support Services and Performance of Youth-Owned Enterprises in Tanzania," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 11(2), pages 57-81.
    2. Lamberto Zollo & Riccardo Rialti & Cristiano Ciappei & Andrea Boccardi, 2018. "Bricolage and Social Entrepreneurship to Address Emergent Social Needs: A “Deconstructionist” Perspective," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 14(2), pages 19-48.
    3. Dionisio, Eduardo Avancci & Inácio Júnior, Edmundo & Fischer, Bruno Brandão, 2021. "Country-level efficiency and the index of dynamic entrepreneurship: Contributions from an efficiency approach," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    4. Daniel A Bagah & Gordon Terkpeh Sabutey, 2015. "Influencing Rural Entrepreneurs’ Participation in Training Programs in the East Mamprusi District of Ghana," Information Management and Business Review, AMH International, vol. 7(4), pages 108-116.

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