Autocorrelational Relationship Between Concerted Effort and Social Capital Investment on Entrepreneurships Growth in Africa: An Empirical Investigation (2005-2015)

Abstract

This paper critically reviews the relationship between concerted effort (CE)- social capital investment (SCI) and entrepreneurial growth (EG) in Africa. Specifically this paper investigates the causal relationship between concerted effort and social capital investment on entrepreneurial growth in Africa during the period 2005-2015 using autocorrelation function (ACF). The Technique of Cointegration Error Correction Model (ECM) and Statistical Packages for Social Science Software (SPSS), Version 10 are employed in analyzing the results of the findings in this study, which revealed that there exists a directional causality between Concerted Effort (CE) and Social Capital Investments (SCI) on Entrepreneurships Growth (EG) in Africa. This paper concludes that concerted efforts and social capital investment are some of the revolutionary mechanisms that would forestall tremendous change in the heart of the entrepreneurs in African and entrepreneurships as better tools for alleviating poverty as well as recommending that government must effectively supervise the entrepreneurs as well as increasing budgetary allocations to the entrepreneurships coupled with the joint efforts of all stakeholders: African leader; government at all levels; non governmental organization; and the organized private sector in improving the activities of entrepreneurship  for better performance and sustainability.

Keywords: Entrepreneur; Entrepreneurships; Autocorrelation Function Test; Concerted Effort-Social

Capital Investment.