Institutionalised business incubation: a frontier for accelerating entrepreneurship in African countries
- Authors: Lose, Thobekani
- Date: 2021
- Subjects: Economic indicators , Economic growth , Business incubators
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/11260/7405 , vital:53977 , https://www.abacademies.org/articles/institutionalised-business-incubation-a-frontier-for-accelerating-entrepreneurship-in-african-countries-9989.html
- Description: Africa is a growing hub for small, medium and large enterprise. This paper attempts to cement the need to create business incubation institutions in South Africa (as well as in other African countries) so as to promote a superior entrepreneurial ecosystem for economic growth. The Africa of tomorrow needs solutions that last and one key component is the progress of entrepreneurship as an employment strategy, an innovation and creativity platform, and a key economic factor. This study employs a narrative overview of literature to explore an institutionalised business incubation concept as a frontier for accelerating entrepreneurship in African countries. The study found that the need for institutionalised business incubation has become pervasive for superior entrepreneurial ecosystems across economies. The study recommends that central governments need to promote the development of local, regional and national institutions for the strong development of incubation as well as entrepreneurship.
- Full Text:
- Date Issued: 2021
- Authors: Lose, Thobekani
- Date: 2021
- Subjects: Economic indicators , Economic growth , Business incubators
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/11260/7405 , vital:53977 , https://www.abacademies.org/articles/institutionalised-business-incubation-a-frontier-for-accelerating-entrepreneurship-in-african-countries-9989.html
- Description: Africa is a growing hub for small, medium and large enterprise. This paper attempts to cement the need to create business incubation institutions in South Africa (as well as in other African countries) so as to promote a superior entrepreneurial ecosystem for economic growth. The Africa of tomorrow needs solutions that last and one key component is the progress of entrepreneurship as an employment strategy, an innovation and creativity platform, and a key economic factor. This study employs a narrative overview of literature to explore an institutionalised business incubation concept as a frontier for accelerating entrepreneurship in African countries. The study found that the need for institutionalised business incubation has become pervasive for superior entrepreneurial ecosystems across economies. The study recommends that central governments need to promote the development of local, regional and national institutions for the strong development of incubation as well as entrepreneurship.
- Full Text:
- Date Issued: 2021
Econometric determinants of liquidity of the South African bond market
- Mingiri, Kapingura Forget https://orcid.org/0000-0002-5808-5612
- Authors: Mingiri, Kapingura Forget https://orcid.org/0000-0002-5808-5612
- Date: 2010
- Subjects: Economic indicators , Economic forecasting -- Africa , Bond market
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26346 , vital:65243
- Description: The importance of the bond market to the financial system and broader economy of a country cannot be underestimated. It is important to analyse factors which determine liquidity in this essential market. This study seeks to establish the determinants of liquidity in the South African bond market using monthly data covering the period 1995 to 2009. It begins by providing an updated overview of the South African bond market and an analysis of the relevant literature. Two models linking bond market liquidity to its theoretical determinants were specified. In contrast to the available literature, this study analyses liquidity at both macroeconomic and market microstructure level using two measures of liquidity, volume and the bid-ask spread, applying the VAR approach and two-stage least squares for robust check. All macroeconomic variables (except stock market) were identified to have an impact on bond market liquidity in the long-run. As far as market microstructure factors are concerned, both volume and volatility were established to be important determinants of liquidity in the South African bond market. The study recommended that, as for macroeconomic factors, authorities should keep inflation at low and stables levels as well as a stable currency. Also, offering bond investors certain facilities and the removal of restrictions on foreign investor activities are other important conditions to improve bond market liquidity. As far as market microstructure factors are concerned, we suggest that, ways to safe-guard against excessive volatility include the creation of a vibrant derivative market, development of a more active and well-functioning repurchase market./ , Thesis (MCom) -- Faculty of Management and Commerce, 2010
- Full Text:
- Date Issued: 2010
- Authors: Mingiri, Kapingura Forget https://orcid.org/0000-0002-5808-5612
- Date: 2010
- Subjects: Economic indicators , Economic forecasting -- Africa , Bond market
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26346 , vital:65243
- Description: The importance of the bond market to the financial system and broader economy of a country cannot be underestimated. It is important to analyse factors which determine liquidity in this essential market. This study seeks to establish the determinants of liquidity in the South African bond market using monthly data covering the period 1995 to 2009. It begins by providing an updated overview of the South African bond market and an analysis of the relevant literature. Two models linking bond market liquidity to its theoretical determinants were specified. In contrast to the available literature, this study analyses liquidity at both macroeconomic and market microstructure level using two measures of liquidity, volume and the bid-ask spread, applying the VAR approach and two-stage least squares for robust check. All macroeconomic variables (except stock market) were identified to have an impact on bond market liquidity in the long-run. As far as market microstructure factors are concerned, both volume and volatility were established to be important determinants of liquidity in the South African bond market. The study recommended that, as for macroeconomic factors, authorities should keep inflation at low and stables levels as well as a stable currency. Also, offering bond investors certain facilities and the removal of restrictions on foreign investor activities are other important conditions to improve bond market liquidity. As far as market microstructure factors are concerned, we suggest that, ways to safe-guard against excessive volatility include the creation of a vibrant derivative market, development of a more active and well-functioning repurchase market./ , Thesis (MCom) -- Faculty of Management and Commerce, 2010
- Full Text:
- Date Issued: 2010
Implications of a currency board arrangement for the Zimbabwean economy: the lessons of experience
- Authors: Ndlovu, Edwin
- Date: 2010
- Subjects: Economic indicators , Inflation targeting , Foreign exchange
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26492 , vital:65480
- Description: Inflation is one of the most important factors for gauging the health of the economy. For production, employment and trade to take place, it is crucial that inflation be low and stable. This study analyses the implications of a currency board system in a hyperinflationary economy, using quarterly Zimbabwean data covering the period 1995 to 2008.An empirical model linking inflation to its identified theoretical determinants is specified. The study employs a cointegration and a vector error correction (VEC) modeling, to provide robust long run and short run dynamic effects of hyper inflation on the economy. The empirical findings reveal a strong significant relationship between inflation and government deficit, expected inflation, money supply growth and the exchange rate. These results corroborate the theoretical predictions and the previous findings that most hyperinflations are deficit-induced. The study thus suggests an implementation of a currency board arrangement for Zimbabwe to eradicate hyperinflation based on its link with exchange rate, money supply and government deficit. A currency board restrains the tendency by most central banks to create money to finance government deficits, and reduces expectations of rising inflation through its instantaneous credibility in reducing inflation. , Thesis (MCom) -- Faculty of Management and Commerce, 2010
- Full Text:
- Date Issued: 2010
- Authors: Ndlovu, Edwin
- Date: 2010
- Subjects: Economic indicators , Inflation targeting , Foreign exchange
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26492 , vital:65480
- Description: Inflation is one of the most important factors for gauging the health of the economy. For production, employment and trade to take place, it is crucial that inflation be low and stable. This study analyses the implications of a currency board system in a hyperinflationary economy, using quarterly Zimbabwean data covering the period 1995 to 2008.An empirical model linking inflation to its identified theoretical determinants is specified. The study employs a cointegration and a vector error correction (VEC) modeling, to provide robust long run and short run dynamic effects of hyper inflation on the economy. The empirical findings reveal a strong significant relationship between inflation and government deficit, expected inflation, money supply growth and the exchange rate. These results corroborate the theoretical predictions and the previous findings that most hyperinflations are deficit-induced. The study thus suggests an implementation of a currency board arrangement for Zimbabwe to eradicate hyperinflation based on its link with exchange rate, money supply and government deficit. A currency board restrains the tendency by most central banks to create money to finance government deficits, and reduces expectations of rising inflation through its instantaneous credibility in reducing inflation. , Thesis (MCom) -- Faculty of Management and Commerce, 2010
- Full Text:
- Date Issued: 2010
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