Scopus
🔓 Açık Erişim YÖKSİS Eşleşti
Modeling the Impacts of MSMEs' Contributions to GDP and their Constraints on Unemployment: The Case of African's Most Populous Country
Studies in Business and Economics · Nisan 2022
YÖKSİS Kayıtları
MODELING THE IMPACTS OF MSMES' CONTRIBUTIONS TO GDP AND THEIR CONSTRAINTS ON UNEMPLOYMENT: THE CASE OF AFRICAN'S MOST POPULOUS COUNTRY
STUDIES IN BUSINESS AND ECONOMICS · 2022 Web of Science ESCI, SCOPUS, EBSCO
PROFESÖR HAKAN ACET →
Makale Bilgileri
DergiStudies in Business and Economics
Yayın TarihiNisan 2022
Cilt / Sayfa17 · 154-170
Scopus ID2-s2.0-85131238939
Erişim🔓 Açık Erişim
Özet
The activities of micro small and medium-sized enterprises (MSMEs) are crucial to combating the menace of unemployment towards the actualization of the Sustainable Development Goals (SDGs) in African. However, financial constraints and infrastructural deficits are conspicuous issues among the numerous challenges confronting MSMEs' activities in many developing nations. Hence, this study explores the challenges and the impacts of MSMEs' contributions to GDP on the unemployment level in Nigeria as Africa's most populous country. The empirical results from the study using annual time series data (1985-2018) reveal that a rise in MSMEs' activities vis-à-vis their contributions to GDP in 5 major economic sectors (agriculture, trade, accommodation, manufacturing, and other services) alongside the financial support given to them, have significant impacts on stemming the level of unemployment in the Nigerian economy. Contrastively, the cost of accessing credit by MSMEs significantly exasperates unemployment while the impacts of the level of infrastructural investments by the government were found to be insignificant in reducing unemployment in the country over the reviewed period. In practical terms, the findings suggest that while ensuring adequate provision of financial support to MSMEs, cogent efforts should be concurrently geared toward the implementation of sufficient budgetary allocations for investment in critical infrastructures like electricity, transport, and ICT facilities to boost MSMEs' activities to proactively address the unemployment menace in Nigeria.
Yazarlar (3)
1
Stephen Taiwo Onifade
ORCID: 0000-0003-1497-7835
2
Acet Hakan
3
Çevik Savaş
Anahtar Kelimeler
Financial Constraints
Infrastructures
MSMEs
Nigeria & Africa
Unemployment
Kurumlar
Necmettin Erbakan Üniversitesi
Meram Turkey
Selçuk Üniversitesi
Selçuklu Turkey
Metrikler
32
Atıf
3
Yazar
5
Anahtar Kelime