Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria

Fariastuti, Djafar and Abubakar, S. Garba and Shazali, Abu Mansor (2013) Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria. Journal of Entrepreneurship Management and Innovation (JEMI), 9 (3). ISSN 2299-7326

[img] PDF

Download (233kB)
Official URL: http://www.jemi.edu.pl/vol-9-issue-3-2013


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.

Item Type: Article
Uncontrolled Keywords: entrepreneurship development, poverty, unemployment, GDP, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User: Ab Rahim
Date Deposited: 10 Oct 2017 06:24
Last Modified: 25 Jan 2022 03:15
URI: http://ir.unimas.my/id/eprint/17967

Actions (For repository members only: login required)

View Item View Item