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Article
Publication date: 4 December 2017

Taiwo Aderemi and Fidelis Ogwumike

The primary motive of a minimum wage policy is to provide a wage floor for poorly paid workers and improve their welfare. In Nigeria, real minimum wage declined by 60 per cent…

884

Abstract

Purpose

The primary motive of a minimum wage policy is to provide a wage floor for poorly paid workers and improve their welfare. In Nigeria, real minimum wage declined by 60 per cent between 1974 and 2011, thus reducing the welfare of workers. The wage gap between low skilled and high skilled workers have also widened over the years in favour of the latter. There are concerns that the series of minimum wage increase in Nigeria may not be welfare-enhancing. The paper aims to discuss these issues.

Design/methodology/approach

This study examined the welfare effects of minimum wage increase in Nigeria using a computable general equilibrium model. The model was calibrated using a 2006 Social Accounting Matrix and four sets of scenarios (20, 35, 50 and 140 per cent wage increases), were simulated.

Findings

The findings show that employers substituted other labour categories for minimum wage workers. This increases the wage rates of other labour. The consumer price index also increased as firms partly pass-on increased labour cost to consumers. Generally, the simulations show that minimum wage policies worsen the welfare of its intended beneficiaries, due to negative impact on prices and employment.

Originality/value

This study deviates from existing studies on minimum wage in Nigeria, by providing a proper disaggregation of the labour market that represents the Nigerian economy. In this regard, the informal sector was accommodated and the potential impact of the minimum wage on this sector determined. It also adopted the equivalent variation welfare measure which incorporates price and consumption effects in measuring welfare.

Details

International Journal of Social Economics, vol. 44 no. 12
Type: Research Article
ISSN: 0306-8293

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Book part
Publication date: 13 March 2023

Ayedun Taiwo

Women's contributions to socio-economic development of many developed and developing economies have improved substantially over the years. However, women participation in economic…

Abstract

Women's contributions to socio-economic development of many developed and developing economies have improved substantially over the years. However, women participation in economic development and contributions to Gross Domestic Product (GDP) are still inadequate as a result of insufficient access to finance to enhance their business performance and other challenging factors such as infrastructure, government policy and enabling business environment. This study aimed to examine the financing issues faced with female entrepreneurs in Nigeria in terms of supply side finance gap that hinders their performance. Other specific objectives are to: establish reasons for external source of finance; identify various financial options available for female-owned businesses in Nigeria; investigate the effect of financial options on the performances of female-owned businesses in Nigeria. Survey research design was employed with administration of structured questionnaire on nine hundred and seventy five (975) female entrepreneurs of selected Micro Small and Medium Enterprises (MSMEs) from the population of nine million, six hundred and two thousand, two hundred and forty nine (9,602,249). Data analysis was carried out using descriptive statistics (frequency, percentages, mean, standard deviation) and inferential statistics of regression analysis. Results of the regression analysis at 5% significant level using two-tailed test for all the variables of financial options displayed significant effects on the performance of female businesses in Nigeria. It was recommended that more female-owned businesses should take the advantage of these financial options to enhance business performance as only 38% of them have successfully utilized these financial sources to bridge the finance gap.

Details

New Horizons and Global Perspectives in Female Entrepreneurship Research
Type: Book
ISBN: 978-1-83982-781-5

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Article
Publication date: 2 October 2018

Alirat Olayinka Agboola, Timothy Oluwafemi Ayodele and Aderemi Olofa

The purpose of this paper is to examine the potential of tax increment financing (TIF) as a viable financial mechanism for urban regeneration programmes in Nigeria. This is with a…

258

Abstract

Purpose

The purpose of this paper is to examine the potential of tax increment financing (TIF) as a viable financial mechanism for urban regeneration programmes in Nigeria. This is with a view to engendering a sustainable, productive and competitive urban land market towards enhancing the economic development of the country.

Design/methodology/approach

This paper adopts a desk-based study approach and review of secondary literature on urban regeneration and TIF to examine the usefulness of TIF for funding local infrastructure development. It then examines the key requirements for the successful application of TIF as a financial instrument for urban regeneration in an emergent economy like Nigeria.

Findings

A number of key requirements for a successful TIF programme particularly in the context of an emergent economy are identified. These are: a functional urban land market with well-developed and documented market indices on performance measurement to serve as reliable benchmarks for investors; an established land use planning system consisting of clear rules and effective decision-making processes; an active capital market that is accessible to institutional and private developers; a viable tax administration system and most importantly an efficient institutional framework with clearly defined formal property rights and sound enforcement mechanisms to monitor contractual agreements and to police deviations.

Originality/value

This paper represents a pioneering attempt at examining the prospects of the application of TIF to urban regeneration in the specific context of an emergent Sub-Saharan African country.

Details

Smart and Sustainable Built Environment, vol. 7 no. 3/4
Type: Research Article
ISSN: 2046-6099

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Article
Publication date: 12 December 2019

Tarun Nanda, Himanshu Gupta, Tejinder P. Singh, Simonov Kusi-Sarpong, Chiappetta Jose Charbel Jabbour and Adriana Cherri

Technology and knowledge have become the buzzwords of the new millennium. Technological changes and demanding customers are creating a more knowledge intensive, turbulent, complex…

523

Abstract

Purpose

Technology and knowledge have become the buzzwords of the new millennium. Technological changes and demanding customers are creating a more knowledge intensive, turbulent, complex and uncertain environment. Organizations, which are able to continually build faster and cheaper new strategic assets than their competitors, create long-term competitive advantages. Thus, the growth of companies is directly associated with innovativeness and technological development, especially for small organizations that are more vulnerable to dynamic changes in market place. Organizations need a strategic framework that can help them to achieve the goal of technology development and competitiveness. The purpose of this paper is to develop such strategic framework for small organizations for their technology development and, hence, survival in marketplace.

Design/methodology/approach

Options field methodology, options profile methodology, analytic hierarchy process (AHP) and fuzzy set theory are utilized to generate various options and profiles to propose a conceptual framework for technology development.

Findings

The results from the study showed that “mixed approach,” “strategic simulation approach” and the “regulatory environment approach,” in this order, emerged as the top three important options for the strategic technological development of small manufacturing enterprises.

Originality/value

This result can provide an original and more accurate implementation pathway toward technological innovative development in emerging economies. The proposed framework can provide valuable guidelines and recommendations to practicing managers and analysts for policy development to promote innovative and technological developments.

Details

Benchmarking: An International Journal, vol. 27 no. 2
Type: Research Article
ISSN: 1463-5771

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Article
Publication date: 2 July 2018

Himanshu Gupta and Mukesh Kumar Barua

Innovation is a prerequisite for economic and technological growth of any organization. Identifying enablers of innovation can help managers accelerate the process of economic…

954

Abstract

Purpose

Innovation is a prerequisite for economic and technological growth of any organization. Identifying enablers of innovation can help managers accelerate the process of economic growth. The purpose of this paper is to identify the prominent enablers of innovation in small and medium enterprises (SMEs) that can help overhauling organizations and benefit them economically.

Design/methodology/approach

A comprehensive literature review and expert’s opinions have been applied to identify enablers of innovation. A case of automotive component supplier is considered for conducting the research. A coalescence of Grey and DEMATEL methodologies has been incorporated to first rank the enablers of innovation based on their importance and then identify the causal relationship among these enablers by characterizing enablers into causal and effect groups.

Findings

A few important enablers, namely, entrepreneur traits, knowledge management, resources for innovation, and linkage capabilities, have been identified as prominent enablers for successful innovation in SMEs.

Practical implications

This paper identifies enablers of innovation in SMEs and the causal relationship between these enablers. The identified enablers and the causal relationship between these enablers will help managers of small organizations in selecting the enablers that need to be focused on, which, in turn, can drive other enablers of innovation, thus saving time and resources of the organizations.

Originality/value

This paper uses a novel Grey–DEMATEL methodology to identify the causal relationship among enablers and also contributes to the literature on innovation by identifying enablers of innovation in SMEs.

Details

Benchmarking: An International Journal, vol. 25 no. 5
Type: Research Article
ISSN: 1463-5771

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Article
Publication date: 7 March 2022

Stanley Emife Nwani and Japhet Osazefua Imhanzenobe

This study evaluates the impact of carbon emission on life expectancy in Nigeria. The study also investigates the mediating role of agricultural output and foreign direct…

188

Abstract

Purpose

This study evaluates the impact of carbon emission on life expectancy in Nigeria. The study also investigates the mediating role of agricultural output and foreign direct investment as suggested by the environmental Kuznets curve (EKC) and the pollution haven hypothesis (PHH), respectively.

Design/methodology/approach

The hypotheses and theories were tested using structural equation modeling (SEM). Primary data were collected using cross-sectional survey design. Questionnaires were distributed and responses were used to measure the latent variables of the study. A confirmatory factor analysis (CFA) was used to evaluate the measurement models, while path analysis was used to estimate the coefficients of the structural equations.

Findings

Carbon emission was found to have a negative and significant impact on life expectancy. This impact constituted both direct and indirect effects that were mediated by both foreign direct investment and agricultural output. Carbon emission and agricultural output were found to play significant roles that lead to a further negative- and significant-mediated relationship of carbon emission with life expectancy.

Originality/value

Unlike many previous studies on air pollution, this study investigates carbon emission in particular as well as the mediating role of agricultural output and foreign direct investment in the carbon emission and life expectancy relationship. The use of SEM also fills a methodological gap as it computes coefficients of mediation and controls for measurement bias and multicollinearity.

Details

Management of Environmental Quality: An International Journal, vol. 33 no. 4
Type: Research Article
ISSN: 1477-7835

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