ECONOMIC DETERMINANT OF SELF EMPLOYMENT IN A DEVELOPING NATION: THE NIGERIA EXPERIENCE

Yıl 2018, Cilt: 8 Sayı: 2, 40 - 48, 30.11.2018

Musbau Kadir Damilola Uthman

Öz

This study
investigated the economic determinant of that affect the number of self
employed in a developing country, a case study of Nigeria. The findings provide
answers to various research questions like, What are the economic factors that
affect self-owned business (private business) in Nigeria?, What are the effects
of these economic variables on self-owned business (private business) in
Nigeria?, How can these variables be controlled to improve self-owned business
performance in Nigeria?. To investigate through this survey, data were
collected from secondary source, world bank statistics on indicators such as
unemployment, credit availability, inflation rate, interest rate and exchange
rate. These were considered has the variables with the most effect, which was
later proved in the study. Ordinary 
Least  Square (OLS) formed the
basis for the  estimation. 

The study  found that 
exchange  rate and interest  rate 
have  negative relationship with
Number of self owned enterprises. While inflation rate, credit availability and
unemployment has a positive effects on number of self owned enterprises. The
effects of these indicators are propulsive, if they are well monitored and
stabilized in the right way with good economy policies.

Anahtar Kelimeler

Self-owned business, SMEs, Unemployment, and Economic performance Determinant

Kaynakça

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