The Nexus Between Ma Croeconomic Anal Ysis and Entrepreneurship Education for Sustainable Development in Nigeria
Student: Mary Oluwatomisin Adebayo (Project, 2025)
Department of Economics
Adeyemi College of Education, Ondo State. (affl To Oau, Ile-Ife)
Abstract
his study examined the nexus between macroeconomic analysis and entrepreneurship educationfor sustainable development in Nigeria. The time frame for the study ranges between 1980 and 2022. Datafor the study was sourced from World Bank Development Indicator (WDI) and Central Bank of NigeriaStatistical Bulletin. The data sourced were analysed using descriptive statistics and Ordinary Least Squaremethod. Augumented Dickey Fuller test was used to test the stationarity of the variables of which thevariables were stationary in their first difference. Also, the Johansen Co-integration test show that long runrelationship exist among the variables for the study. The findings showed that entrepreneurshipeducational output had a positive relationship with government expenditure on education. This impliesthat adequate government expenditure on entrepreneurship education tends to bring sustainability on theeconomy. Also, the study revealed that entrepreneurship educational output is negatively related to GDPPer Capita, inflation rate and unemployment rate. This implies that increase in inflation rate andunemployment rate tends to lower growth sustainability of the entrepreneurship development theeducational sector in Nigeria. It was therefore recommended that entrepreneurial educational developmentshould be inculcated into the school’s curriculum to promote human empowerment and developmentthrough entrepreneurial education and training. Also, educational budget allocation stakeholders shouldfocus more on increasing capital expenditure, recurrent expenditure, and human capital development tofoster economic growth in the country
Keywords
For the full publication, please contact the author directly at: adebayomary97@gmail.com
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Institutions
- AVE-MARIA UNIVERSITY, PIYANKO, NASARAWA STATE 1
- Babcock University, Ilishan-Remo, Ogun State 7
- Bamidele Olumilua University of Edu. Science and Tech. Ikere Ekiti, Ekiti State 454
- Bauchi State College of Agriculture, Bauchi, Bauchi State 1
- Bauchi State University, Gadau, Bauchi State 16
- Bayelsa State Polytechnic, Aleibiri, Bayelsa State 13
- Bayero University, Kano, Kano State 586
- Benue State Polytechnic, Ugbokolo, Benue State 10
- Benue State University, Makurdi, Benue State 47
- Bingham University, Karu, Nasarawa State 3