Economic Integration and Entrepreneurship Development in Nigeria
Abstract Most sectors in today's market are facing opportunities and challenges due to globalization, which is a natural by-product of demand and has driven innovation, competition, and the retention of Favorable conditions in the global market. Larger markets will arise naturally from economic integration due to higher productivity. As a result, everyone involved will benefit from the growing market and market share. SMEs in less developed countries may not be highly competitive domestically, which could lead to a decline in their market share, in addition to being disadvantaged internationally. However, some previous studies have used trade openness as an indicator of SME success in less developed countries. The study examines how the performance of small and medium-sized enterprises is affected by interdependent economies. The performance of small and medium enterprises is studied in conjunction with economic integration. 360 samples were obtained using EPIinfo Statcalc software in three population clusters of 5,268 available SMEs in the study area. SPSS was used to analyze the data using linear regression analysis. With an observed P value of (0.000), linear regression analysis yielded a calculated F value of (96.268). This shows that, in the selected case study, economic integration has a favourable and notable impact on the market share of SMEs. Keywords: Economic Integration, Market share, Profitability, and SMEs
Keywords: Economic integration, entrepreneurship development, market share and profitability.
Citation: , & Hamzat, I.B. (2024). Economic Integration and Entrepreneurship Development in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 9(4), 126-136.