International records / OpenAlex research

Examining the macroeconomic drivers of self-employment in Nigeria

Nigeria’s formal job market has failed to keep up with the country’s growing population, causing a staggering number of citizens to work for themselves out of necessity rather than opportunity. This phenomenon is usually referred to as a survival, entrepreneurship boom. To this end, this study analyzes the impact of economic growth, poverty, the rule of law, and agriculture on self-employment in Nigeria between 1990 and 2023. Autoregressive Distributed Lag (ARDL) and other advanced econometric techniques were used. The findings from the ARDL long run form and bounds test and ARDL error correct…