Technical Efficiency Of Small And Medium Scale Industries (Smi) In Nigeria: Evidence From Nation-Wide Sample Survey
Development economists over the years have solicited the use of small and medium industries (SMI) to accelerate the pace of industrialization and economic growth, particularly in developing economies. In recognition of this, entrepreneurship education and the promotion of entrepreneur spirit have received significant attention in Nigeria. This is evident through the deep involvement of government and Non-Governmental Organizations in recent times in the promotion and financing of SMI. In spite of all these efforts, the contribution of the SMI sector to economic growth has been miniscule, while the productivity of the sector has also not been commensurate with the incentives packages. This is essentially because the sector lacks knowledge of modern management techniques and technological capabilities. As postulated in the endogenous growth theory, factor accumulation is not enough to engender growth. Efficiency is a key driver of growth as it enables entrepreneurs to derive more output from a given input. This study lays emphasizes on the role of technological capabilities as an important catalyst for the development of SMI and technical efficiency as a major driver of capabilities. An assessment of technical efficiency in this way is necessary because, how technical efficiency contributes to enterprise productivity is a prerequisite to assessing the need for any kind of support for its development. The study utilizes quantitative information gathered from field survey to compute productivity and efficiency indicators. The study also identifies lingering constraints to SMI development. Overall, the findings from this research draw attention to the need for the development of local technology to support and stimulate indigenous entrepreneurship of SMI.
Volume (Year): (2007)
Issue (Month): ()
|Contact details of provider:|| Postal: Str Horea nr. 7, Cluj-Napoca 400174|
Phone: 004 0264 599170
Fax: 004 0264 590110
Web page: http://www.tbs.ubbcluj.ro/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul M Romer, 1999.
"Increasing Returns and Long-Run Growth,"
Levine's Working Paper Archive
2232, David K. Levine.
- Nancy L Stokey, 1986.
"Learning-by-Doing and the Introduction of New Goods,"
699, Northwestern University, Center for Mathematical Studies in Economics and Management Science, revised May 1987.
- Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August.
- Adei, Stephen, 1990. "Technological capacity and aborted industrialization in Ghana: The case of Bonsa Tyre Company," World Development, Elsevier, vol. 18(11), pages 1501-1511, November.
- Pissarides, Francesca & Singer, Miroslav & Svejnar, Jan, 2003.
"Objectives and Constraints of Entrepreneurs: Evidence from Small and Medium-Size Enterprises in Russia and Bulgaria,"
CEPR Discussion Papers
4142, C.E.P.R. Discussion Papers.
- Pissarides, Francesca & Singer, Miroslav & Svejnar, Jan, 2003. "Objectives and constraints of entrepreneurs: evidence from small and medium size enterprises in Russia and Bulgaria," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 503-531, September.
- Francesca Pissarides & Miroslav Singer & Jan Svejnar, 2000. "Objectives and Constraints of Entrepreneurs: Evidence from Small and Medium Size Enterprises in Russia and Bulgaria," William Davidson Institute Working Papers Series 346, William Davidson Institute at the University of Michigan.
- Bagachwa, M. S. D., 1992. "Choice of technology in small and large firms: Grain milling in Tanzania," World Development, Elsevier, vol. 20(1), pages 97-107, January.
- Rangan, Nanda & Grabowski, Richard & Aly, Hassan Y. & Pasurka, Carl, 1988. "The technical efficiency of US banks," Economics Letters, Elsevier, vol. 28(2), pages 169-175.
- Mercedes Gumbau-Albert & Joaquin Maudos, 2002. "The determinants of efficiency: the case of the Spanish industry," Applied Economics, Taylor & Francis Journals, vol. 34(15), pages 1941-1948.
When requesting a correction, please mention this item's handle: RePEc:bbn:journl:2007_2_3_essien. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cornelia Pop)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.