CHALLENGES OF AGRICULTURAL ENTREPRENEURSHIP IN URBAN KANO, NIGERIA: A MULTINOMIAL LOGISTIC REGRESSION APPROACH

Ibrahim Musa Gwadabe

Abstract


This paper analysed the determinants of agricultural entrepreneurial intentions of the unemployed in urban Kano, Nigeria, using three different multinomial logistic models fitted to the primary data obtained via structured questionnaire from the 173 out of 200 targeted respondents. The results suggest that age explains the likelihood of starting or engaging in agricultural business. Gender and educational levels were not significant in explaining the likelihood of starting the business. Inadequate capital was found to explain the likelihood. Family and cognitive ability (self) as motivational variables were insignificant in explaining the likelihood. Risk tolerance was found to explain the likelihood of starting the agricultural business. Employment status was found significant in explaining the likelihood. Innovative ability was insignificant in explaining the likelihood. The paper recommends that entrepreneurial support should be geared toward young ages as against old age; as the size of youth unemployed outweighed that of old age in the study area. Promoters of entrepreneurship could use risk tolerance behaviour in selecting people to support. Capital should be made available by the concerned institutions to enable persons preparing to start the agricultural business to start. Researchers could also incorporate other predictor variables in analysing the determinants or employ different models, like nested models against non-nested models used in this study.

 

JEL: Q13, Q16, L26

 

Article visualizations:

Hit counter

DOI

Keywords


agricultural, entrepreneurial, multinomial, logistic, likelihood

References


Banerjee, A. and A. Newman (1993). “Occupational Choice and the Process of Development”, Journal of Political Economy, 101 (2).

Baumol, W.J., 1968. Entrepreneurship in Economic Theory. American Economic Review 58 (2), 64–71.

Bettignies, J.-E.D., Brander, J.A., 2007. Financing entrepreneurship: bank finance versus venture capital. Journal of Business Venturing 26 (2), 808–832.

Cantillon, Richard (2010) [1755]. An Essay on Economic Theory. Auburn, Alabama: Ludwig von Mises Institute. ISBN 0-415-07577-7.

Carree, M.A., Thurik, A.R., 2010. The Impact of Entrepreneurship on Economic Growth. In: Acs, Z.J., Audretsch, D.B. (Eds.), Handbook of Entrepreneurship Research:

Cochran, T. (1971). “The Entrepreneur in Economic Change”, Entrepreneurship and Development. The Free Press.

Czuchry, A. J. and Yasin, M.M. (2008). “International Entrepreneurship: The Influence of Culture in Teaching and Learning Styles” Annual Journal of Entrepreneurship Education (2008).

Havrylyshyn, O., 2001. Recovery and growth in transition: a decade of evidence. IMF Staff Papers, 48, pp. 53–87 (Special Issue on “Transition Economies: How Much Progress?”).

National Bureau of Statistics (2011). 2011 Annual Socio-Economic Report. Available from: http://www.nigerianstat.gov.ng/uploads/latestRelease/2ff063b27de8aa15b35f1a6fb04bf472c658d939.pdf (accessed 23 May, 2013).

Sergeant, J. and Crawford, J. (2001). National Youth Entrepreneurship Attitude Survey. Department of Industry, Science and Resources, Emerging Industries section, Canberra, Australia.

Shane, S. (2009). Small Business Economics, 33(2). Pp. 313-140.

Stata Corp, 2005a. Stata Base Reference Manual. Volume 2, K-Q, release 8. College Station, TX: Stata Corporation.

Stella, M.K. (2008). “British Indian and Chinese Student, Graduate and Academic International Entrepreneurship” DIUS Research Report 0820.

Wang, C.K., and Wong, P.K. (1999). Entrepreneurial intentions and tertiary education. Conference on Technological Entrepreneurship in the Emerging Regions of the New Millennium, June 2001. Singapore.

Wooldridge, J. (2002). Econometric Analysis of Cross Section and Panel Data. Cambridge: MIT Press.

World Bank, (2003). Doing Business in 2004: Understanding Regulation, Oxford University.

Young, F. W. (1971). A Macro-sociological Interpretation of Entrepreneurship, in Entrepreneurship and Economic Development. The Free Press.




DOI: http://dx.doi.org/10.46827/ejefr.v0i0.107

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Ibrahim Musa Gwadabe

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2016 - 2023. European Journal of Economic and Financial Research (ISSN 2501-9430) is a registered trademark of Open Access Publishing GroupAll rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.