Township entrepreneurship, unemployment and economic development : myth or reality in Sub-Saharan African countries

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Authors

Oppong, Clement
Mathibe, Motshedisi Sina

Journal Title

Journal ISSN

Volume Title

Publisher

Centre for Business & Economic Research

Abstract

This study aims to perform a comparative analysis of the influence of township entrepreneurship on unemployment and economic development among the Francophone and Anglophone countries in sub-Saharan Africa. The study employed a descriptive and quantitative research design where a longitudinal data was sourced from the World Development Indicators (WDI) and World Bank Entrepreneurship databases on 12 and 9 Francophone and Anglophone countries respectively. A Fixed Effect panel regression model was employed to attain the objectives of the study. The findings of the study revealed that there is a significant negative effect of township entrepreneurship on unemployment; and also, township entrepreneurship has a positive significant effect on economic development. Both relationships were found to have insignificant differences between Anglophone and Francophone countries suggesting that the ability of township entrepreneurship to minimize the rate of unemployment and boost economic development is generic and irrespective of cultural and social differences. This study was anchored on the behavioral theory of social entrepreneurship to provide empirical contribution to existing literature.

Description

Keywords

Economic development, Township entrepreneurship, Unemployment, SDG-08: Decent work and economic growth, Sub-Saharan Africa (SSA), SDG-11: Sustainable cities and communities

Sustainable Development Goals

SDG-08:Decent work and economic growth
SDG-11:Sustainable cities and communities

Citation

Clement Oppong; Motshedisi Mathibe; Township entrepreneurship, Unemployment and Economic Development: Myth or Reality in Sub-Saharan African Countries, IJBED, Volume 12 Issue 01, 11 May 2024, https://doi.org/10.24052/IJBED/V012N01/ART-01.