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Entrepreneurship, labor productivity and youth unemployment in Nigeria:The missing link

Author

Listed:
  • Adenike T.EGUNJOBI

    (University of Lagos,Akoka,Nigeria)

  • Oluwakemi M.ADEMISOLA

    (University of Lagos,Akoka,Nigeria)

Abstract

Embracing entrepreneurship is a strategy of creating employment opportunities.However, some entrepreneurship businesses cannot survive in the long run due to a misfit in the skills acquired by the entrepreneurs and their passion/ talent.This work examined the level of misfit amongst technical/vocational skills and how it has affected the rate of unemployment and labor productivity in two geopolitical zones in Nigeria having higher rates of unemployment.Descriptive and inferential statistics was employed in analyzing data retrieved from questionnaires administered. Results showed that the relationship between entrepreneur skill and youth unemployment and also between entrepreneur skill and labor productivity were positive in Nigeria.Study recommended entrepreneurship education and training and provision of resources to train students in their area of interest/passion and not based on the resources available in the institutions.

Suggested Citation

  • Adenike T.EGUNJOBI & Oluwakemi M.ADEMISOLA, 2023. "Entrepreneurship, labor productivity and youth unemployment in Nigeria:The missing link," Romanian Journal of Economics, Institute of National Economy, vol. 56(1(65)), pages 88-108, July.
    • Handle: RePEc:ine:journl:v:56:y:2023:i:65:p:88-108
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    More about this item

    Keywords

    entrepreneurship; labor productivity; youth unemployment;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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