Macroeconomic Factors and Entrepreneurship in Nigeria
Keywords:
Macroeconomic Factors, Entrepreneurship, FBI.
Abstract
Provision of conducives environment to enhance the supply and sustainability of entrepreneurs has developed into a field of competition among countries of the world. In this respect, macroeconomic factors such as FBI, technology, power generation, trade openness etc are enhanced to boost entrepreneurship in a country. Thus, this study is designed to investigate the impact of those macroeconomic factors to entrepreneurship in Nigeria. Secondary data from World Bank data bank between 2006-2015 were used for the study and analyzed using STATA package. The Regression output revealed that most Nigerian macroeconomic factors have insignificant impact on the development of entrepreneurship in the country. It was therefore, recommended that, policy makers should pay attention to not only the volume of the macroeconomic factors but also their rhythm with entrepreneurship in the country.
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Bosma, N., Praag M. & Wit, G. (2000).Determinants of successful entrepreneurship: Research Report 0002/E
Cala, C. D., Arauzo-Carod, J. M. & Manjón-Antolín, M. (2015). Determinants of new business formation–some lessons from the Czech Republic: Economics and Sociology. 8(1),147-156.
Chukwuma, N. K. & Chukwuma, E. (2015). Implications of economic factors on small scale.
business performance in Nigeria: 1970 -2013: International Journal of Research in Business Management. 3(10), 23-30.
Durowoju, S.T. (2014). Roles of entrepreneurship in small and medium enterprises development in Nigeria: Review of Public Administration and Management. 3(5), 2315-7844.
Eniola, A. A. and Entebang.(2015). Government policy and performance of small and medium business management:International Journal of Academic Research in Business and Social Sciences.5(2),2222-6990.
Essien, B. S. (2014). The Nigerian business environment and growth constraints of micro and small scale manufacturing industries: American International Journal of Social Science.3(6), 67-76.
Hájek, O., Nekolová, J. & Novosák, J. (2015), Determinants of new business formation – some lessons fromthe Czech Republic: Economics and Sociology. 8(1), 147-156.
Kadocsa, G. & Francsovics, A. (2011) Macro and micro economic factors of small enterprise competitiveness:Acta Polytechnica Hungarica. 8(1), 23-40.
Khader, S., Rajan, R. & Sen M. (2014). Macro-economic factors affecting ease of business: Georgia Institute of Technology.
Kirzner, I. M .(1997). Entrepreneurial discovery and the competitive market process: An Austrian approach: Journal of Economic Literature. 3(5) 60-85.
Luke, B., Verreynne, M. & Kearins, K. (2007). Measuring the benefits of entrepreneurship at different levels of analysis: Journal of Management & Organization. 13, 312–330.
Obasan, K. A. (2013). The impact of business environment on the survival of small scale businesses in Nigeria: International Journal of Management and Business Research. 4 (3), 165-170.
Ogunro, V. O. (2014). Nigeria’s business environment: issues challenges and prospects: InternationalJournal of Academic Research in Business and Social Sciences. 4(4), 2222-6990.
Onugu, B. A. N. (2005). Small and medium enterprises (SMEs) in Nigeria: Problems and prospects: Being a dissertation submitted to the St. Clements University in partial fulfilment of the requirements for the award of the Degree of Doctor of Philosophy in Managemen st. Clements University.
Praag, C., Mirijam V. & Hans V. O. (1995) Determinants of willingness and opportunity to start as an entrepreneur:Kyklos. 48(4), 513-40.
Romero, I. &Martínez-Román, J. A. (2012). Self-employment and innovation. Exploring the determinants of innovative behavior in small businesses:Research Policy. 41, 178– 189.
Sekaran, U., & Bougie, R. (2010). Research methods for business: A skill building approach: John Willey & Sons Ltd.
Taiwo, Falohun, Agwu. (2016). SMEs financing and its effects on Nigerian economic growth. European Journal of Business, Economics and Accountancy. 4( 4), 2056-6018.
Vavryshkuck,V. (2003). Small business in Ukraine: Macroeconomic determinants: Thesis Submitted inpartial fulilment of the Requirements for the Degree of Master of art in Economics, University Kyiv Mohyla Academy, Kyev
Williamson, S. (1999). Notes on Macroeconomic Theory: Dept. of Economics, University of Iowa, Iowa, IA 52242
Published
2017-09-20
How to Cite
Dutse, A. Y., & Aliyu, I. (2017). Macroeconomic Factors and Entrepreneurship in Nigeria. International Journal of Business and Management Future, 1(1), 39-48. https://doi.org/10.46281/ijbmf.v1i1.113
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper
Copyright (c) 2017 A Y Dutse , Ibrahim Aliyu
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