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Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies

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  • Adenutsi, Deodat E.

Abstract

The fundamental objective of this paper is to provide an insight into the role of entrepreneurship in job creation, income generation and empowerment, and poverty reduction in low-income economies. Having provided a conceptual framework and the theoretical underpinnings of the linkages of entrepreneurship to job creation, income empowerment and poverty reduction from an economic perspective, the paper develops an entrepreneurial policy-relevant model for breaking the vicious cycle of poverty which has predominantly characterised low-income economies. The paper argues that entrepreneurship is the catalyst for economic growth and development through job creation, income empowerment and poverty reduction in an economy. However, to extend the culture of entrepreneurial thinking and promote entrepreneurship in an economy, it is imperative for governments and other relevant institutions to pursue functional policy goals in this endeavour. Therefore, in order to create high-income generating jobs opportunities and reduce poverty through entrepreneurship, there is the need for policy measures and intervention programmes that are critical and consistent with the objective of welfare improvements.

Suggested Citation

  • Adenutsi, Deodat E., 2009. "Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies," MPRA Paper 29569, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:29569
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    File URL: https://mpra.ub.uni-muenchen.de/29569/1/MPRA_paper_29569.pdf
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    References listed on IDEAS

    as
    1. Shahidur R. Khandker, 2005. "Microfinance and Poverty: Evidence Using Panel Data from Bangladesh," World Bank Economic Review, World Bank Group, vol. 19(2), pages 263-286.
    2. Coleman, Brett E., 2006. "Microfinance in Northeast Thailand: Who benefits and how much?," World Development, Elsevier, vol. 34(9), pages 1612-1638, September.
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    Cited by:

    1. Mohammad Delwar Hussain & Rosni Bakar & Abul Bashar Bhuiyan, 2014. "Entrepreneurship Development and Poverty Alleviation: An Empirical Review," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 4(10), pages 558-573, October.
    2. Thanyani S Madzivhandila & Mazanai Musara, 2020. "Taking responsibility for entrepreneurship development in South Africa: The role of local municipalities," Local Economy, London South Bank University, vol. 35(3), pages 257-268, May.
    3. Félix, Elisabete Gomes Santana & Belo, Teresa Freitas, 2019. "The impact of microcredit on poverty reduction in eleven developing countries in south-east Asia," Journal of Multinational Financial Management, Elsevier, vol. 52.
    4. Innocent .U. Duru & Sarah .O. Anyanwu, 2019. "Entrepreneurship in Small and Medium Enterprises: A Catalyst for Capacity Building and Sustainable Youths Employment Generation in the Federal Capital Territory, Abuja, Nigeria," International Journal of Social and Administrative Sciences, Asian Economic and Social Society, vol. 4(2), pages 277-296, June.
    5. Natanya Meyer & Daniel Francois Meyer & Karabo Molefe, 2016. "Barriers To Small Informal Business Development And Entrepreneurship: The Case Of The Emfuleni Region," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 121-133, June.
    6. Bello Taofik Abidemi & Mohammed Umar Usman & Abubakar Umar & Dauda Adamu Abubakar, 2019. "The Link between Product and Performance of Microfinance Institutions," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 161-166, September.

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    More about this item

    Keywords

    Entrepreneurship; Job Creation; Poverty; Low-Income Economies;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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