Marketing and business research review

Advancement Of Technology And Innovation As Strategic Drivers For Entrepreneurial Growth

Auteurs : Ogosi Francis . Efi Anietie . Weniebi Zibigha . Andem Francis .

Résumé

This study focused on the strategic influence of technology and innovation advancement on entrepreneurial growth in Nigeria. The objectives aimed to determine the effect (if any) of technology and innovation on entrepreneurial growth whilst utilizing the following proxies technological achievement index (technology), global innovation index (innovation) and total business density rate (entrepreneurial growth) as measurement indicators. The study was anchored on the Kline model of Innovation, the Neoclassical and Endogenous growth theories. The Ex post facto was adopted as the research design of the study. Data used were sourced from the World Bank 2022 database and analyzed using multiple regression analysis to estimate and test the hypotheses formulated. The analysis outcome revealed that technology had a positive significant effect while innovation had an inverse significant effect on entrepreneurial growth. The study concludes that technology and innovation jointly have a significant effect on entrepreneurial growth in Nigeria. The study recommends the enhancement of the technological absorptive capacity of citizens as well as adopting an effective national innovation system while promoting STEM (science, technology, engineering, and mathematics) as catalytic drivers in the entrepreneurial growth process.

Mots clés

Technology ; Innovation ; Entrepreneurship ; Technology Achievement Index ; Global Innovation Index ; Total Business Density Rate