scholarly journals The Strategic Importance of Entrepreneurship as a mechanism for Sustainable Economic Growth in Nigeria

2021 ◽  
Vol 29 (2) ◽  
pp. 90-105
Author(s):  
Prince Adesanya Abel Segun ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Rural Areas ◽  
Social Science Research ◽  
Science Research ◽  
The United States ◽  
Business Environment ◽  
Vital Role ◽  
Entrepreneurship Development ◽  
Sustainable Economic Growth

The focus of this paper is on the importance of entrepreneurship as a mechanism for sustainable economic growth in Nigeria considering the experiences of developed nations like the United States, Europe, India, and China. Entrepreneurship has been instrumental in economic growth, balanced regional development, and job creation in most dynamic economies, where technology is changing at a faster rate and the product lifetime cycle is shrinking. Research in entrepreneurship development indicates that there is a lack of a theoretical model to examine rural entrepreneurship development particularly in the developing countries. The methodology adopted in this paper is the narrative – textual case study (NTCS); it is a social science research method that relies on the information and data from several sources for problem-solving. It is undeniable fact that entrepreneurship development plays a vital role in economic development of any nation including the developing countries like Nigeria. However, despite this, most entrepreneurial policies and programs seems to favour the urban cities except recently when efforts are geared towards the rural areas. Thus, this paper examines the role of entrepreneurship in the development of the rural areas in the developing economy. The study reveals that the right business environment for entrepreneurship is lacking in Nigeria on account of bad and inadequate infrastructural facilities, political instability, terrorism, multiple taxes, all stand as barriers to entrepreneurship and economic growth. The paper concludes that government should focus on adequate security, improve infrastructural facilities and enabling environment that will lead to economic growth.

scholarly journals Promotion of Innovation and S&T: The Role of Finance

2016 ◽  
Vol 21 (Special Edition) ◽  
pp. 313-330
Author(s):  
Saeed Ahmed ◽  
Mahmood ul Hasan Khan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Studies ◽  
Vital Role ◽  
High Tech ◽  
Access To Finance ◽  
Policy Initiatives ◽  
Bank Financing ◽  
Sustainable Economic Growth

Promotion of innovation and S&T enables economies to achieve sustainable economic growth. In addition, firms engaged in medium- to high-tech production tend to gain more from innovation and are, on average, more productive compared to enterprises which are limited to low-tech systems. Innovation is, in turn, inextricably linked to the availability and nature of financing. Empirical studies in developing countries reveal that bank financing and FDI can play a vital role in this regard. This paper provides an overview of: (a) the role of financing in facilitating innovation and S&T; (b) State Bank of Pakistan’s policy initiatives to make financing available, both in general, and also to specifically facilitate innovation and S&T in the country; and (c) the role of innovations in expanding access to finance in Pakistan.

Markets, Technological Change and Economic Growth (The Quaid-i-Azam Lecture)

1994 ◽  
Vol 33 (4I) ◽  
pp. 327-356 ◽  
Author(s):  
Richard G. Lipsey
Keyword(s):  
United States ◽  
Economic Growth ◽  
Developing Countries ◽  
Common Ground ◽  
The United States ◽  
Industrial Countries ◽  
Canadian Institute ◽  
Primary Focus ◽  
Short Time

I am honoured to be invited to give this lecture before so distinguished an audience of development economists. For the last 21/2 years I have been director of a project financed by the Canadian Institute for Advanced Research and composed of a group of scholars from Canada, the United States, and Israel.I Our brief is to study the determinants of long term economic growth. Although our primary focus is on advanced industrial countries such as my own, some of us have come to the conclusion that there is more common ground between developed and developing countries than we might have first thought. I am, however, no expert on development economics so I must let you decide how much of what I say is applicable to economies such as your own. Today, I will discuss some of the grand themes that have arisen in my studies with our group. In the short time available, I can only allude to how these themes are rooted in our more detailed studies. In doing this, I must hasten to add that I speak for myself alone; our group has no corporate view other than the sum of our individual, and very individualistic, views.

Making Nano Matter

2012 ◽  
Vol 37 (6) ◽  
pp. 604-626 ◽  
Author(s):  
Elena Simakova
Keyword(s):  
Social Science ◽  
Scientific Practice ◽  
Social Science Research ◽  
Science Research ◽  
The United States ◽  
University Campus ◽  
Relevant Research ◽  
Societal Relevance ◽  
Set Up ◽  
Interpretive Flexibility

The article examines science-policy conversations mediated by social science in attempts to govern, or set up terms for, scientific research. The production of social science research accounts about science faces challenges in the domains of emerging technosciences, such as nano. Constructing notions of success and failure, participants in science actively engage in the interpretation of policy notions, such as the societal relevance of their research. Industrial engagement is one of the prominent themes both in policy renditions of governable science, and in the participants’ attempts to achieve societally relevant research, often oriented into the future. How do we, as researchers, go about collecting, recording, and analyzing such future stories? I examine a series of recent interviews conducted in a number of US universities, and in particular at a university campus on the West Coast of the United States. The research engages participants through interviews, which can be understood as occasions for testing the interpretive flexibility of nano as “good” scientific practice and of what counts as societal relevance, under what circumstances and in view of what kind of audiences.

scholarly journals STATEMENT FROM THE DIRECTOR OF THE W. E. B. DU BOIS INSTITUTE

2004 ◽  
Vol 1 (1) ◽  
pp. 1-2 ◽  
Author(s):  
Henry Louis Gates
Keyword(s):  
Social Science Research ◽  
Science Research ◽  
The United States ◽  
First Century ◽  
Past Century ◽  
Color Line ◽  
Du Bois ◽  
The Past ◽  
Considerable Work ◽  
Public Policy Decisions

In 1903, William Edward Burghardt Du Bois famously predicted that the problem of the twentieth century would be the problem of the color line. Indeed, during the past century, matters of race were frequently the cause of intense conflict and the stimulus for public policy decisions not only in the United States, but throughout the world. The founding of the Du Bois Review: Social Science Research on Race at the beginning of the twenty-first century acknowledges the continuing impact of Du Bois's prophecy, his pioneering role as one of the founders of the discipline of sociology in the American academy, and the considerable work that remains to be done as we confront the “problem” that Du Bois identified over a century ago.

Book Reviews: Behavioral Sociology: The Experimental Analysis of Social Process, Balance in Small Groups, Racial Violence in the United States, The Education of Borstal Boys, The Sociology of Religion: A Study of Christendom, IV, Types of Religious Man, Men in Mid-Career: A Study of British Managers and Technical Specialists, The Family and the Handicapped Child: A Study of Cerebral Palsied Children in Their Homes, The Assessment of Social Research: Guidelines for the Use of Social Research in Social Work and Social Science, The Conditions of Social Performance: An Exploratory Theory, Families and Their Relatives: Kinship in a Middle-Class Sector of London, The Population Census: A Social Science Research Council Review, Introduction to Social Work, Theories of Social Psychology, Put Away: A Sociological Study of Institutions for the Mentally Retarded, City Lads in Borstal: A Study Based on 100 Lads Discharged to Addresses in Liverspool, Science, Industry and Society: Studies in the Sociology of Science, Interaction Concept of Personality, Hightown Grammar: The School as a Social System, Causes of Delinquency, towards a Sociology of the Cinema: A Comparative Essay on the Structure and Functioning of a Major Entertainment Industry

1970 ◽  
Vol 18 (3) ◽  
pp. 421-456
Author(s):  
A. P. M. Coxon ◽  
Patrick Doreian ◽  
Robin Oakley ◽  
Ian B. Stephen ◽  
Bryan R. Wilson ◽  
...  
Keyword(s):  
Social Work ◽  
Social Science ◽  
Social Research ◽  
Social Process ◽  
Social Science Research ◽  
Science Research ◽  
Sociology Of Religion ◽  
The United States ◽  
Population Census ◽  
Sociological Study

scholarly journals Impact of foreign direct investment, remittances and official development assistance on economic growth: panel data approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amna Zardoub ◽  
Faouzi Sboui
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Panel Data ◽  
Direct Investment ◽  
Development Assistance ◽  
Business Environment ◽  
Official Development Assistance ◽  
Financial Flows ◽  
Content Type

PurposeGlobalization occupies a central research activity and remains an increasingly controversial phenomenon in economics. This phenomenon corresponds to a subject that can be criticized through its impact on national economies. On the other hand, the world economy is evolving in a liberalized environment in which foreign direct investment plays a fundamental role in the economic development of each country. The advent of financial flows – FDI, remittances and official development assistance – can be a key factor in the development of the economy. The subject of this article is to analyses the effect of financial flows on economic growth in developing countries. Empirically, different approaches have been employed. As part of this work, an attempt was made to use a panel data approach. The results indicate ambiguous effects and confirm the results of previous work.Design/methodology/approachThe authors seek to study the effect of foreign direct investment, remittances and official development assistance (ODA) and some control variables i.e. domestic credit, life expectancy, gross fixed capital formation (GFCF), inflation and three institutional factors on economic growth in developing countries by adopting the panel data methodology. Then, the authors will discuss empirical tests to assess the econometric relevance of the model specification before presenting the analysis of the results and their interpretations that lead to economic policy implications. As part of this work, the authors have rolled panel data for developing countries at an annual frequency during the period from 1990 to 2016. In a first stage of empirical analysis, the authors will carry out a technical study of the heterogeneity test of the individual fixed effects of the countries. This kind of analysis makes it possible to identify the problems retained in the specific choice of econometric modeling to be undertaken in the specificities of the panel data.FindingsThe empirical results validate the hypotheses put forward and indicate the evidence of an ambiguous effect of financial flows on economic growth. The empirical findings from this analysis suggest the use of economic-type solutions to resolve some of the shortcomings encountered in terms of unexpected effects. Governments in these countries should improve the business environment by establishing a framework that further encourages domestic and foreign investment.Originality/valueIn this article, the authors adopt the panel data to study the links between financial flows and economic growth. The authors considered four groups of countries by income.

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