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2024 | OriginalPaper | Chapter

11. Empirical Analysis of the Impact of Institutions on Innovative Entrepreneurship in Sub-Saharan African Countries

Authors : Muftau Olaiya Olarinde, Shehu Auta

Published in: Innovation, Entrepreneurship and the Informal Economy in Sub–Saharan Africa

Publisher: Springer Nature Switzerland

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Abstract

The design of an institutional framework capable of promoting innovative entrepreneurship is an important component of any social, political and economic reforms. This framework is crucial in speeding-up the entrepreneurial activities, structural and economic development, particularly in developing countries. Therefore, this study examines the impact of institutions on the growth of innovative entrepreneurship in Sub-Saharan African countries. The study employs a two-stage least square technique to analyze a panel data consisting of 20 Sub-Saharan African countries covering the periods 2001 to 2018. Using the year fixed and robust standard error options which control for time constant at the country’s level and correct for the threat of multi-collinearities respectively, the result provided evidence in support of a strong link between institutions and entrepreneurial activities in the Sub-Saharan African countries. The overall results suggest that policy reforms aimed at achieving entrepreneurship growth, and economic development must implement institutional reforms that allow for innovative entrepreneurial activity to flourish.

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Metadata
Title
Empirical Analysis of the Impact of Institutions on Innovative Entrepreneurship in Sub-Saharan African Countries
Authors
Muftau Olaiya Olarinde
Shehu Auta
Copyright Year
2024
Book
Innovation, Entrepreneurship and the Informal Economy in Sub–Saharan Africa

Print ISBN: 978-3-031-46292-4

Electronic ISBN: 978-3-031-46293-1

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-46293-1_11

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