International Journal of Social Science & Economic Research
Submit Paper

Title:
WHETHER SELF-EMPLOYMENT AFFECTS UNEMPLOYMENT: A NEW EVIDENCE FROM NIGERIA

Authors:
Nanshuwan Victor Datom, Bakle Sekyen

|| ||

1Nanshuwan Victor Datom, 2Bakle Sekyen
1. Institute of Education, Bursary Department University of Jos, Plateau State
2. Business Education Department, Federal College of Education Pankshin

MLA 8
Datom, Nanshuwan Victor, and Bakle Sekyen. "WHETHER SELF-EMPLOYMENT AFFECTS UNEMPLOYMENT: A NEW EVIDENCE FROM NIGERIA." Int. j. of Social Science and Economic Research, vol. 4, no. 11, Nov. 2019, pp. 6754-6768, ijsser.org/more2019.php?id=515. Accessed Nov. 2019.
APA
Datom, N., & Sekyen, B. (2019, November). WHETHER SELF-EMPLOYMENT AFFECTS UNEMPLOYMENT: A NEW EVIDENCE FROM NIGERIA. Int. j. of Social Science and Economic Research, 4(11), 6754-6768. Retrieved from ijsser.org/more2019.php?id=515
Chicago
Datom, Nanshuwan Victor, and Bakle Sekyen. "WHETHER SELF-EMPLOYMENT AFFECTS UNEMPLOYMENT: A NEW EVIDENCE FROM NIGERIA." Int. j. of Social Science and Economic Research 4, no. 11 (November 2019), 6754-6768. Accessed November, 2019. ijsser.org/more2019.php?id=515.

References

[1]. Akiri, S.E; Odike, A.I & Apochi, M.P. (2016). Self employment as strategy for poverty reduction: Empirical evidence from Benue state. International Journal of Economics and Business management,Vol. 2,20-41.
[2]. Audretsch, David. B. & Thurik, A. R. (2001). "What is New about the New Economy: Sources of Growth in the Managed and Entrepreneurial Economies," Industrial and Corporate Change 10(1), 267-315.
[3]. Bello, T. (2003). Attacking unemployment hurdles in the fragile economies of the Sub-Saharan Africa: the experience of Nigeria. A paper presented at the -Economics for the Future- Conference; on the Occasion of the Celebration of 100 years of Cambridge Economics; Cambridge, United Kingdom September.
[4]. Blanchflower, D., Oswald, A. & Stutzer, A. (2001). Latent Entrepreneurship across Nations', European Economic Review, 45, 680-691.
[5]. Central Bank of Nigeria (2017) .Annual Report and Statement of Accounts for the year ended 31st December. Abuja: Central Bank of Nigeria.
[6]. Drucker, P.F. (1985). Innovation and Entrepreneurship; Practices and Principles, New York: Harper & Row, Publishers.220-225.
[7]. Engle, R. F. & Granger, C. W. J. (1987). 'Cointegration and Error-correction: Representation, Estimation, and Testing', Econometrica, 55, 251-76.
[8]. Fairlie, R. (2011). Entrepreneurship, economic conditions and the great recession. IZA Discussion Paper, 5725, 1-45.
[9]. Ferda, H. & Sema (2015). Testing the impact of unemployment on self-employment: Empirical evidence from OECD countries. Paper presented at World conference on Technology, Innovation and Entrepreneurship, 28 - 30 May 2015, Istanbul.
[10]. Gadallah, Y. M. (2008). Self-employment and unemployment in Egypt: A Co-integration Approach, 1- 20.
[11]. Higgins B (1978) Economic Development, Problems, Principles & Policies New York: Norton.
[12]. Iguisi, O. (2008). Cultures, Poverty Alleviation and Small Business Development in Africa: A Research Paradigm Shift, Proceedings of the First Chike Okoli International Conference on Entrepreneurship, Nnamdi Azikiwe University, Awka, Nigeria.
[13]. ILO. (2007). The Promotion of Self-employment, International Labour Office, Geneva.
[14]. Johansen, S. & Juselius, K. (1990). "Maximum Likelihood Estimation and Inference on Cointegration-with Application to the Demand for Money", Oxford Bulletin of Economics and Statistics, 52(2):169-210.
[15]. Johansen, S. (1988), "Statistical Analysis of Cointegration Vectors", Journal of Economic Dynamics and Control, 12(1):231-254.
[16]. Kelechi, E. (2012). Experts identify entrepreneurial education as key to curb unemployment Published in Business day Newspaper of 12th May.
[17]. Kirzner , I.M (1984). The Role of the Entrepreneur in the Economic Development System: Available from http://www.CIS.org.au/Events/JBL/jol84. Accessed 13/9/2018
[18]. Mbaegbu, D.G.E. (2008). Entrepreneurship Development Theories: An overview and Critique. Proceedings of the First Chike Okoli International Conference on Entrepreneurship, titled "Entrepreneurship & Africa's Quest for Development Published by Chike Okoli Centre for entrepreneurial Studies, Nnamdi Azikwe University, Awka Nigeria.
[19]. OECD & European Union. (2012). A Policy Brief on Youth Entrepreneurship-Entrepreneurial Activities in Europe, Publications Office of the European Union, Luxembourg.
[20]. OECD. (1992). Employment Outlook, Paris.
[21]. Parker, S. C., (2004). The Economics of Self-Employment and Entrepreneurship, Cambridge, UK: Cambridge University Press.
[22]. Pfeiffer, F. & Reize, F., 2000, Business Start-ups by the Unemployed - an Econometric Analysis Based on Firm Data, Labour Economics 7 (5), 629-663.
[23]. <
[24]. Phillips, P. C. B. & Perron, P. (1988), "Testing for a Unit Root in Time Series Regression", Biometrika, 75(2): 335-46.
[25]. Quadrini, V. (2000). 'Entrepreneurship, Saving, and Social Mobility', Review of Economic Dynamics, 3, 1-40.
[26]. Remeikience, R. & Startiene, G. (2009). "Does the interaction between entrepreneurship and Unemployment exist?", Economics & Management, 14, 903-911.
[27]. Thurik, A. R., Carree M.A., Stel, Andre van & Audretsch, D. B. (2008). "Does Self-employment Reduce Unemployment?" Journal of Business Venturing, 23, 673-686.
[28]. Thurik, A. R., Carree, M.A., Stel, Andre van & Audretsch, D.B. (2008). "Does Self-employment Reduce Unemployment?" Journal of Business Venturing, 23, 673-686.
[29]. WDI. (2018). World Bank Development Indicators, www.wdi.worldbank.org a. www.aercafrica.org/documents/china-africa relations/Nigeria.pdf
[30]. Yamada, G. (1996). 'Urban Informal Employment and Self-employment in Developing Countries: Theory and Evidence', Economic Development and Cultural Change,
[31]. 44, 289-314.

Abstract:
This study focused on whether self-employment reduces unemployment in Nigeria using the most recent and high frequency time series dataset for the period 1991Q1 to 2018Q4 It was revealed from a pre diagnostic test through Phillip-Perron unit root that all the variables are stationary after first difference. Johansen and Julius (1990) and Engle and Granger (1987) cointegration analysis validated the dynamic long run relationship running from self-employment, real gross domestic product and trade openness to unemployment. Empirical results from ordinary least square confirmed that, there exist positive link between self-employment and unemployment though statistically insignificant. By inference, any rise or fall in unemployment would lead to an increase or fall in the number of persons joining the self-employed sector. Since this study justified the plausible role entrepreneurial activity play in reducing unemployment, it however submitted that Nigeria should continue to promote self-employment by granting the sector soft loans as well as making the environment conducive for their business to thrive.

IJSSER is Member of