Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa

Entrepreneurship is a strategy for economic growth and it is perceived to be higher in developing countries. But other scholars found that it does not bring economic growth in developing countries. The purpose of the study was to reflect on this paradox in Sub Saharan Africa from neoclassical econom...

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Autor principal:	Charles Mwatsika
Formato:	article
Lenguaje:	AR EN
Publicado:	Ziane Achour University of Djelfa 2021
Materias:	business start-up economic growth entrepreneurship paradox innovation Social Sciences H Commerce HF1-6182
Acceso en línea:	https://doaj.org/article/afee6922d6d74e4b97620b81ee540196
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spelling	oai:doaj.org-article:afee6922d6d74e4b97620b81ee5401962021-12-02T18:14:32ZReflecting on the Entrepreneurship Paradox in Sub Saharan Africa2676-184X2710-885610.48100/merj.2022.167https://doaj.org/article/afee6922d6d74e4b97620b81ee5401962021-09-01T00:00:00Zhttps://mer-j.com/merj/index.php/merj/article/view/167https://doaj.org/toc/2676-184Xhttps://doaj.org/toc/2710-8856Entrepreneurship is a strategy for economic growth and it is perceived to be higher in developing countries. But other scholars found that it does not bring economic growth in developing countries. The purpose of the study was to reflect on this paradox in Sub Saharan Africa from neoclassical economic theory where entrepreneurship is perceived as carrying out innovations. A cross-sectional survey of enterprises was undertaken in Malawi to measure values of new products, new methods of production, new markets and new enterprises. Comparison of mean values and 2 independent samples tests were used to analyse innovations carried out, types of entrepreneurial enterprises and their prevalence. The study found that carrying out innovations among enterprises in Malawi is low. Opportunity-motivated, growth-oriented and limited liability enterprises are entrepreneurial types of enterprises but there were very few. Therefore the paradox depends on the theory which guides the understanding of entrepreneurship. The classical economic perspective reflects the paradox while the neoclassical economic perspective does not. The study contributes to knowledge on the types of entrepreneurial enterprises and that the paradox depends on the understanding of entrepreneurship. The findings imply that entrepreneurship is ineffective for economic growth in developing countries because of a lack of carrying out innovations. Therefore, the understanding of entrepreneurship in developing countries needs to be adjusted to neoclassical economic theories so that policy focuses on supporting entrepreneurial enterprises for entrepreneurship to be effective for economic growth, ceteris paribus.Charles MwatsikaZiane Achour University of Djelfaarticlebusiness start-upeconomic growthentrepreneurship paradoxinnovationSocial SciencesHCommerceHF1-6182ARENمجلة بحوث الإدارة والاقتصاد (2021)
institution	DOAJ
collection	DOAJ
language	AR EN
topic	business start-up economic growth entrepreneurship paradox innovation Social Sciences H Commerce HF1-6182
spellingShingle	business start-up economic growth entrepreneurship paradox innovation Social Sciences H Commerce HF1-6182 Charles Mwatsika Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
description	Entrepreneurship is a strategy for economic growth and it is perceived to be higher in developing countries. But other scholars found that it does not bring economic growth in developing countries. The purpose of the study was to reflect on this paradox in Sub Saharan Africa from neoclassical economic theory where entrepreneurship is perceived as carrying out innovations. A cross-sectional survey of enterprises was undertaken in Malawi to measure values of new products, new methods of production, new markets and new enterprises. Comparison of mean values and 2 independent samples tests were used to analyse innovations carried out, types of entrepreneurial enterprises and their prevalence. The study found that carrying out innovations among enterprises in Malawi is low. Opportunity-motivated, growth-oriented and limited liability enterprises are entrepreneurial types of enterprises but there were very few. Therefore the paradox depends on the theory which guides the understanding of entrepreneurship. The classical economic perspective reflects the paradox while the neoclassical economic perspective does not. The study contributes to knowledge on the types of entrepreneurial enterprises and that the paradox depends on the understanding of entrepreneurship. The findings imply that entrepreneurship is ineffective for economic growth in developing countries because of a lack of carrying out innovations. Therefore, the understanding of entrepreneurship in developing countries needs to be adjusted to neoclassical economic theories so that policy focuses on supporting entrepreneurial enterprises for entrepreneurship to be effective for economic growth, ceteris paribus.
format	article
author	Charles Mwatsika
author_facet	Charles Mwatsika
author_sort	Charles Mwatsika
title	Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
title_short	Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
title_full	Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
title_fullStr	Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
title_full_unstemmed	Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa
title_sort	reflecting on the entrepreneurship paradox in sub saharan africa
publisher	Ziane Achour University of Djelfa
publishDate	2021
url	https://doaj.org/article/afee6922d6d74e4b97620b81ee540196
work_keys_str_mv	AT charlesmwatsika reflectingontheentrepreneurshipparadoxinsubsaharanafrica
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Reflecting on the Entrepreneurship Paradox in Sub Saharan Africa

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