Authors: Abdullah Promise Opute, Bridget N. Irene, Caroline Jawad, and Patricia C. Agupusi
Abstract
Over the last decades, the importance of entrepreneurship activity as a core economic growth factor has been reiterated (e.g., GEM, 2017/2018; Opute et al., 2021; Schumpeter, 1911, 1934). Given that importance, entrepreneurship activity remains a critical global thematic for scholars as well as governments and policy makers. Consequently, there is increasing advocacy for knowledge development in this domain (e.g., Nwankwo & Gbadamosi, 2020; Opute et al., 2021; Piñeiro-Chousa et al., 2020). Within the entrepreneurship discourse, a major contrast is found from the point of how entrepreneurship activity has enabled economic growth: while Western context insights document a significant economic growth impact (e.g., Audretsch et al., 2018; Colombo et al., 2014; OECD, 2019), insights from the SSA setting point to less productive outcome despite increasing entrepreneurship endeavours (e.g., GEM, 2017/2018; Iwu & Opute, 2019; Iwu et al., 2020c). As a matter of fact, in both latter cases, Iwu and his colleagues lament the typical survivalist nature of entrepreneurship in the SSA domain, and consequently the incapacity to contribute to economic growth.
https://link.springer.com/chapter/10.1007/978-3-031-46293-1_15