ENTREPRENEURSHIP AND ECONOMIC GROWTH; EVIDENCE FROM REGISTERED ENTREPRENEURS IN ANAMBRA STATE, NIGERIA
Keywords:Entrepreneurship, Economic Growth, Job Opportunities, Economic Development, Standard of Living
This study empirically examined the relation between entrepreneurship and economic growth in Anambra State. The study is vital as it portrays the extent to which entrepreneurial activities ensure economic growth in Anambra State. In order to determine the relationship between entrepreneurship and economic growth, some key proxy variables were used in the study, namely; standard of living, job opportunities and economic development as indices for economic growth while entrepreneurship on the other hand was represented by the entrepreneurial activities in Anambra State. Three hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using Students T-Test. The study employed Survey Design in our analysis. Data for the study were obtained through questionnaire survey. The findings generally indicate that entrepreneurial activities have improve the standard of living of the people, create job opportunities and also led to economic development of the nation. Based on this, the study concludes that entrepreneurial activities have led to economic growth of the nation. The study suggests that government should resuscitate the initiated programmes by appointing people that have passion for entrepreneurship to head some of the establishments in an attempt to enhance their activities taking cognizance of the vital role it plays on the economic development of the State.