A Binary Choice Model For Optimum Entrepreneurial Development In An Economy Facing Environmental Constraints

Abstract

This study describes a methodology for estimating a choice model for an optimum entrepreneurial development which allows the funding and other intervention policies to enhance the formation of small and medium enterprises to be used in developing national policy agenda. Five policy objectives are described for the Nigerian unique situation. But whatever national policy objectives are deemed relevant in any situation, we propose that such policy objectives be chosen and implemented in a transparent manner and supported by annual on-site monitoring and performance evaluation for a period deemed necessary to enable the goals to be realized.