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

Authors : Musbau KADİR, Damilola UTHMAN

Pages : 40-48

View : 10 | Download : 8

Publication Date : 2018-11-30

Article Type : Research Paper

Abstract :Normal 0 21 false false false TR X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:`Normal Tablo`; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:``; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:`Calibri`,sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} 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 insert ignore into journalissuearticles values(private business); in Nigeria?, What are the effects of these economic variables on self-owned business insert ignore into journalissuearticles values(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 insert ignore into journalissuearticles values(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.
Keywords : Self owned business, SMEs, Unemployment, and Economic performance Determinant