IDEAS home Printed from https://ideas.repec.org/a/ags/bdbjaf/324630.html
   My bibliography  Save this article

Mediating Role Of Entrepreneurship Development On The Economic Growth Of Women In Nigeria

Author

Listed:
  • Obianefo, Chukwujekwu A.
  • Mailafia, Luka
  • Yusuf, Ismaila
  • Nwatu, Chibuike B.

Abstract

The outbreak of Covid-19 saw the loss of jobs which necessitates the need to embrace entrepreneurship, especially among women who are more economically marginalized in the labour market in Sub-Sahara Africa. The disease outbreak warrants the need to consume healthy food which many women especially those heading their households could not afford due to inactive economic engagement. This present study found the need to beam a searchlight on mediating role of entrepreneurship development on the economic growth of women in Nigeria. Data for the study came from a cross-section of Five hundred (500) women entrepreneurs, randomly selected to represent 71% of the total sample size. Structural equation modelling (SEM) technique was used to operationalize the study objectives and suppositions. Constructively, it was found that psychological indicators (PSYI) and knowledge of business practice indicator (KBPI) catalyzed entrepreneurship development in the area by 17.8% and 38.1% respectively. This strong affinity or association between the PSYI and KBPI indirectly resulted in over 100% growth in the economic status of women in the area. Hypothetically, PYSI and KBPI were mediated to economic growth through entrepreneurship development by 5% and 1% levels of probability which caused the rejection of the null hypotheses two and three. The study explicitly suggests that separating household and business income, and maintaining a separate business account, among others are the knowledge of business practice indicators; openness to change, and desire for self-independent among others are the psychological indicators, while the increase in the size of the inventory among others is the business performance indicator that stimulates entrepreneurship development; These led to higher formalization, and increases in capital investment as entrepreneurship development indices that stimulates economic growth. Thus, women entrepreneurs should be properly trained on the guiding principles of entrepreneurship development and practices. The study, therefore, recommends that government and non-governmental agencies should concentrate effort on training women to come near competence in their economic activities.

Suggested Citation

  • Obianefo, Chukwujekwu A. & Mailafia, Luka & Yusuf, Ismaila & Nwatu, Chibuike B., 2022. "Mediating Role Of Entrepreneurship Development On The Economic Growth Of Women In Nigeria," Bangladesh Journal of Agricultural Economics, Bangladesh Agricultural University, vol. 43(1), June.
    • Handle: RePEc:ags:bdbjaf:324630
    DOI: 10.22004/ag.econ.324630
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/324630/files/2022-1-04-Obianefo2.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.324630?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tony Addison, 2015. "Thirty years in Africa's development: From structural adjustment to structural transformation?," WIDER Working Paper Series 119, World Institute for Development Economic Research (UNU-WIDER).
    2. Ravallion, Martin, 2005. "Inequality is bad for the poor," Policy Research Working Paper Series 3677, The World Bank.
    3. Adu, Raymond & Litsios, Ioannis & Baimbridge, Mark, 2019. "Real exchange rate and asymmetric shocks in the West African Monetary Zone (WAMZ)," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 59(C), pages 232-249.
    4. Tony Addison, 2015. "Thirty years in Africa's development: From structural adjustment to structural transformation?," WIDER Working Paper Series wp-2015-119, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:idq:ictduk:14010 is not listed on IDEAS
    2. Tony Addison & Miguel Niño†Zarazúa & Jukka Pirttilä, 2018. "Fiscal Policy, State Building and Economic Development," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(2), pages 161-172, March.
    3. Tony Addison & Miguel Niño†Zarazúa & Jukka Pirttilä, 2018. "Fiscal Policy, State Building and Economic Development," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(2), pages 161-172, March.
    4. Tony Addison & Ville Pikkarainen & Risto Rönkkö & Finn Tarp, 2017. "Development and poverty in sub-Saharan Africa," WIDER Working Paper Series 169, World Institute for Development Economic Research (UNU-WIDER).
    5. Tony Addison & Ville Pikkarainen & Risto Rönkkö & Finn Tarp, 2017. "Development and poverty in sub-Saharan Africa," WIDER Working Paper Series wp-2017-169, World Institute for Development Economic Research (UNU-WIDER).
    6. Gutiérrez-Romero, Roxana & Ahamed, Mostak, 2021. "COVID-19 response needs to broaden financial inclusion to curb the rise in poverty," World Development, Elsevier, vol. 138(C).
    7. Kamel Bel Hadj Miled & Moheddine Younsi & Monia Landolsi, 2022. "Does microfinance program innovation reduce income inequality? Cross-country and panel data analysis," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-15, December.
    8. João Loureiro & Evaldo Baptista, 2021. "A single currency for the Economic Community of West Africa? An economic assessment," South African Journal of Economics, Economic Society of South Africa, vol. 89(4), pages 608-634, December.
    9. Alex Cobham, Andy Sumner, 2013. "Is It All About the Tails? The Palma Measure of Income Inequality-Working Paper 343," Working Papers 343, Center for Global Development.
    10. Sarah Brockhoff & Tim Krieger & Daniel Meierrieks, 2010. "Ties That Do Not Bind (Directly): The Education-Terrorism Nexus Revisited," Working Papers CIE 26, Paderborn University, CIE Center for International Economics.
    11. Martin Koch, 2012. "International Organizations in Development and Global Inequality: the Example of the World Bank's Pension Policy," WIDER Working Paper Series wp-2012-103, World Institute for Development Economic Research (UNU-WIDER).
    12. Adu, Raymond & Litsios, Ioannis & Baimbridge, Mark, 2022. "ECOWAS single currency: Prospective effects on trade," Journal of International Money and Finance, Elsevier, vol. 126(C).
    13. Ugo Gentilini & Patrick Webb, 2005. "How Are We Doing on Poverty and Hunger Reduction?: A New Measure of Country-Level Progress," Working Papers in Food Policy and Nutrition 31, Friedman School of Nutrition Science and Policy.
    14. Mager, Gregor & Faße, Anja, 2021. "The Contribution of Smallholders´ Livelihood Activities on Income Inequality and Poverty: Case Study from Rural Tanzania," 2021 Conference, August 17-31, 2021, Virtual 315405, International Association of Agricultural Economists.
    15. Mirakhor, Abbas, 2007. "Islamic Finance and Globalization: A Convergence?," MPRA Paper 56026, University Library of Munich, Germany.
    16. Koch, Martin, 2012. "International Organizations in Development and Global Inequality: The Example of the World Bank's Pension Policy," WIDER Working Paper Series 103, World Institute for Development Economic Research (UNU-WIDER).
    17. Couharde, Cécile & Grekou, Carl & Mignon, Valérie, 2022. "On the economic desirability of the West African monetary union: Would one currency fit all?," Economic Modelling, Elsevier, vol. 113(C).
    18. Iniguez-Montiel, Alberto Javier, 2014. "Growth with Equity for the Development of Mexico: Poverty, Inequality, and Economic Growth (1992–2008)," World Development, Elsevier, vol. 59(C), pages 313-326.
    19. Hagos, Fitsum & Jayasinghe, Gayathri & Awulachew, Seleshi Bekele & Loulseged, Makonnen & Denekew, Aster, 2008. "Poverty impacts of agricultural water management technologies in Ethiopia," IWMI Conference Proceedings 233265, International Water Management Institute.
    20. Donaldson, John A., 2008. "Growth is Good for Whom, When, How? Economic Growth and Poverty Reduction in Exceptional Cases," World Development, Elsevier, vol. 36(11), pages 2127-2143, November.
    21. Gutierrez, Catalina & Orecchia, Carlo & Paci, Pierella & Serneels, Pieter, 2007. "Does employment generation really matter for poverty reduction ?," Policy Research Working Paper Series 4432, The World Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:bdbjaf:324630. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/febaubd.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.