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