Linking Entrepreneurial Activity to Economic Meltdown in Zimbabwe
Mediterranean Journal of Social Sciences
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Title |
Linking Entrepreneurial Activity to Economic Meltdown in Zimbabwe
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Creator |
Mukorera, Sophia; School of Economics, University of KwaZulu Natal
Mahadea, Darma; School of Economics, University of KwaZulu Natal |
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Description |
Understanding the relationship between entrepreneurship and key macroeconomic growth indicators is critical for generating growth and development in a normal or meltdown economy. The purpose of this study is to develop a model that best describes the relationship between the economic meltdown and the growth of micro and small-scale enterprises (MSEs) in Zimbabwe and to test the presence of refugee effects. Using annual data from 1980 to 2010, a multivariate Vector Error Correction Model (VECM) with the total number of MSEs, unemployment rate, inflation rate, liquidity (proxied by money supply) and real GDP as the dependent variables was run. The main finding of this study indicates the presence of refugee effects, albeit minimal, and that the growth in MSEs was partly because of the shortage of liquidity. Secondly, the relationship between unemployment and entrepreneurship is not linear but squared and positive in both instances. DOI: 10.5901/mjss.2014.v5n3p42 |
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Publisher |
Mediterranean Journal of Social Sciences
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Contributor |
—
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Date |
2014-03-05
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
https://www.mcser.org/journal/index.php/mjss/article/view/2115
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Source |
Mediterranean Journal of Social Sciences; Vol 5, No 3 (2014): March 2014; 42
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Language |
eng
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Relation |
https://www.mcser.org/journal/index.php/mjss/article/view/2115/2102
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Rights |
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published in MCSER journal are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author. |
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