Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria
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 mu...
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| Format: | Article |
| Language: | English |
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FundaCja Cognitione
2013
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| Online Access: | http://ir.unimas.my/id/eprint/17967/ http://ir.unimas.my/id/eprint/17967/1/Abubakar.pdf |
| _version_ | 1848838406993346560 |
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| author | Fariastuti, Djafar Abubakar, S. Garba Shazali, Abu Mansor |
| author_facet | Fariastuti, Djafar Abubakar, S. Garba Shazali, Abu Mansor |
| author_sort | Fariastuti, Djafar |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T06:55:03Z |
| format | Article |
| id | unimas-17967 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:55:03Z |
| publishDate | 2013 |
| publisher | FundaCja Cognitione |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-179672022-01-25T03:15:01Z http://ir.unimas.my/id/eprint/17967/ Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria Fariastuti, Djafar Abubakar, S. Garba Shazali, Abu Mansor H Social Sciences (General) 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. FundaCja Cognitione 2013 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17967/1/Abubakar.pdf 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 http://www.jemi.edu.pl/vol-9-issue-3-2013 |
| spellingShingle | H Social Sciences (General) Fariastuti, Djafar Abubakar, S. Garba Shazali, Abu Mansor Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title | Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title_full | Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title_fullStr | Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title_full_unstemmed | Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title_short | Evidence of Opportunity and Necessity Driven Entrepreneurship in Nigeria |
| title_sort | evidence of opportunity and necessity driven entrepreneurship in nigeria |
| topic | H Social Sciences (General) |
| url | http://ir.unimas.my/id/eprint/17967/ http://ir.unimas.my/id/eprint/17967/ http://ir.unimas.my/id/eprint/17967/1/Abubakar.pdf |