The role of SMEs development on poverty alleviation in Nigeria

Akpoviroro, Kowo Solomon; Adenuga, Olusegun Adeleke Oba; Sabitu, Olalekan

doi:10.9770/ird.2019.1.3(3)

Cited by 32 publications

(28 citation statements)

References 12 publications

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“…Nowadays, these ideas for analysing and regulating income distribution are fundamental for the studies of living standards and economic processes caused by their changes. In particular, the noted studies analyse the links between income distribution and economic growth [20], including investment flows [21][22][23], income inequality, and current account imbalances [24,25]; indirect impact of some specific factors on income inequality [26][27][28], particularly tolerance for corruption [29]. Baradas and Lagoa [30] also investigate new trends in globalisation, including changes in education and business cycles, within the framework of the analysis of the impact of the financialization process on the labour force share in Gross domestic product (GDP) due to its impact on government activity and trade union density.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Income Distribution on Social and Economic Well-Being of the State

et al. 2020

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Income distribution can cause large-scale transformations in human resources structure, essential changes of economic outputs via its impact on life satisfaction and motivation of work. Thus, the overall objective of this research is to improve methodological tools of income distribution analysis based on identifying the links between different structural indicators of income inequality and the most essential features of social and economic well-being. We conducted comparative analysis of EU Member States and Ukraine. We used structural analysis based on two forms of income distribution—functional (share of “labour” in Gross domestic product - GDP) and household one (ratio of incomes measured by special decile coefficients) to identify income inequality and inconsistencies in distributive strategies. By grouping European countries according to economic well-being (described as GDP per capita) and inequality in income distribution (based on Gini coefficient), we determined apparent tendencies in distributive policies and revealed links between income distribution and connected social-economic features of well-being. We conclude that countries with the most stable and clear patterns in income distribution have distinct connections between the share of labour costs in GDP and successes in social and economic spheres, including human development level, property rights protection, GDP growth, possibilities for taxation and budgeting of social programmes.

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Section: Literature Reviewmentioning

confidence: 99%

Impact of Income Distribution on Social and Economic Well-Being of the State

et al. 2020

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“…This empirical finding is supported by a study carried out by Manzoor et al (2019) through analysis with a data panel model in SAARC. Furthermore, Kowo, Adenuga, and Sabitu (2019), using analysis of variance, coefficient of correlation, and regression analysis, found that the development of SMEs influences poverty in Nigeria. However, it is contradicted by previous studies conducted by Beck, Demirguc-Kunt, and Levine (2005), which found that MSMEs did not affect the reduction of poverty in the 45 countries where they gathered research samples.…”

Section: Literature Surveymentioning

confidence: 99%

“…This study is in line with the one conducted by Agyapong (2010) on the cases of women working for MSEs in Ghana. Moreover, Kowo, Adenuga, and Sabitu (2019) point out that MSEs influence the reduction of poverty through the creation of job vacancies in Nigeria. Rotar, Pamić, and Bojnec (2019) also found that there is a significant correlation between MSEs and labor absorption in the service industry.…”

Section: Literature Surveymentioning

confidence: 99%

Micro, small, and medium enterprises (MSMEs) and poverty reduction: empirical evidence from Indonesia

Nursini

2020

Development Studies Research

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This study aims to analyze the effect of MSMEs on poverty reduction, both directly and indirectly, through labor absorption from 1997 to 2018. The poverty measurements used in this study comprise Head Count Index (P0), Poverty Gap Index (P1), and Poverty Severity Index (P2), while the MSMEs are classified based on their scales, which are small-medium enterprises (SMEs) and micro-small enterprises (MSEs). Control variables, such as economic growth, openness, government expenditure, and investment, are also covered in this model. In general, the results show that MSMEs statistically affect poverty reduction in Indonesia both directly and indirectly. Nevertheless, different business scales offer various implications for poverty reduction. SMEs play a bigger role in alleviating poverty than MSEs as they reduce not only the percentage of poor people but also the Poverty Gap and Severity Index. Furthermore, of the four control variables, only economic growth has a significant effect on poverty reduction, both direct and indirect. Hence, policymakers should support the market certainty of SMEs products to sustain the production cycle.

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“…Kowo et al [30] examined the role of SMEs on poverty eradication in Nigeria. They used primary data for the analysis.…”

Section: Sme In Global Perspectivementioning

confidence: 99%

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

et al. 2019

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The key objective of the formation of the South Asian Association of Regional Cooperation (SAARC) is to join hands collectively for slow economic growth, poverty eradication, deprived health and education sectors. In the 12th SAARC Summit, it has been declared that poverty eradication is the main area of concentration and SAARC countries would strive their best to minimize all types of poverty with the help of any possible strategy. The main objectives of the current study are to evaluate the development of the agenda of poverty eradication in SAARC countries through small and medium enterprise (SME) development because it would be considered as a short-routed remedy to mitigate poverty. The poorest 20% income holder as a percentage of GDP has been used as the proxy for poverty in the SAARC region. SME development has been measured through the SME share in GDP in respective countries. The panel dataset has been developed for the period of 1990 to 2015. The fixed effect method (FEM) and regression equation techniques were used to analyse the observed data. The results of the FEM were misleading. The regression equations for the respective countries were used for empirical analysis. The results have identified that there are three main factors that are essential in reducing poverty in the SAARC region: SME growth, openness of trade and social sector development.

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The role of SMEs development on poverty alleviation in Nigeria

Cited by 32 publications

References 12 publications

Impact of Income Distribution on Social and Economic Well-Being of the State

Impact of Income Distribution on Social and Economic Well-Being of the State

Micro, small, and medium enterprises (MSMEs) and poverty reduction: empirical evidence from Indonesia

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

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