Impact of business innovation on future employment in Nigeria

Osabohien, Romanus and Worgwu, Haoma and Rafi, Syed Kashif and Adediran, Oluwasogo and Matthew, Oluwatoyin and Aderounmu, Busayo (2022) Impact of business innovation on future employment in Nigeria. Managerial and Decision Economics.

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Abstract

As the global economy continues to recover from COVID‐19 shocks, slower growth and not enough jobs to commensurate the growing labour force are observed. In line with SGD‐8, promoting decent work, sustainable economic growth, higher levels of productivity and technological innovation, this study argues that encouraging entrepreneurship for job creation is key to securing future employment. The study applied the Propensity Score Matching (PSM) to carry out the impact analysis. In addition, the study employed the Ordinary Least Squares (OLS) to determine the linear relationship between entrepreneurship innovation and future employment. The study used the Youth Enterprise with Innovation (YouWiN) baseline survey (2019). The study engaged four innovation measures: the introduction of new products and services, access to the internet, utilisation of emails for marketing and firm's involvement in online advertisement. The PSM analysis results show that the four measures of innovation by firms have a positive and significant impact on future employment. Based on the results, the study concludes by recommending that various measures of innovation should be adopted in enterprises' activities to drive future employment.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	29 Jun 2022 11:25
Last Modified:	29 Jun 2022 11:25
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/16044

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