From subsistence farming to agribusiness and nonfarm entrepreneurship: Does it improve economic conditions and well-being?

Saridakis, G., Georgellis, Y., Muñoz Torres, R.I., Mohammed, A-M. and Blackburn, R. 2021. From subsistence farming to agribusiness and nonfarm entrepreneurship: Does it improve economic conditions and well-being? Journal of Business Research. 136, pp. 567-579. https://doi.org/10.1016/j.jbusres.2021.07.037

TitleFrom subsistence farming to agribusiness and nonfarm entrepreneurship: Does it improve economic conditions and well-being?
TypeJournal article
AuthorsSaridakis, G., Georgellis, Y., Muñoz Torres, R.I., Mohammed, A-M. and Blackburn, R.
Abstract

To eradicate poverty, governments across developing countries have adopted programs to promote business ownership, with varying levels of success. The mixed success of such programs underscores the importance of local business and economic conditions. Yet, empirical evidence on how local context shapes outcomes of entrepreneurship-focused poverty initiatives is sparse. In this paper, we use data from the 2015 Smallholder Survey to examine the impact of farming as a business (agribusiness) and nonfarm entrepreneurship (NFE) on household income and economic well-being in Uganda. We find that, in comparison to subsistence farming, engaging in agribusiness and NFE boosts household income and economic well-being, especially in rural areas with high poverty rates. Our research contributes to the literature by offering new evidence on the efficacy of entrepreneurial initiatives in the specific context of a developing country with a large rural and agricultural economy. In terms of policy, our analysis provides support for the promotion of agribusiness and NFE initiatives to reduce poverty and overcome disparities between urban and rural settings.

JournalJournal of Business Research
Journal citation136, pp. 567-579
ISSN0148-2963
Year2021
PublisherElsevier
Accepted author manuscript
License
CC BY-NC-ND 4.0
File Access Level
Open (open metadata and files)
Digital Object Identifier (DOI)https://doi.org/10.1016/j.jbusres.2021.07.037
Publication dates
Published in printNov 2021
Published online12 Aug 2021

Related outputs

Impact of Covid-19 Policies on Women Self-employment Rates: An Integrated Conceptual Framework
Abubakar, Y. A., Saridakis, G., Litsardopoulos, N., Muñoz Torres, R.I., Sookram, S. and Hosein, R. 2023. Impact of Covid-19 Policies on Women Self-employment Rates: An Integrated Conceptual Framework. International Review of Entrepreneurship. 21 (1), pp. 1-34 1691.

Do regional self-employment rates converge in the UK? Empirical evidence using club-clustering algorithm
Saridakis, G., Mendoza, M.A., Hand C. and Muñoz Torres, R.I. 2020. Do regional self-employment rates converge in the UK? Empirical evidence using club-clustering algorithm. The Annals of Regional Science. 65, pp. 179-192. https://doi.org/10.1007/s00168-020-00979-3

Exploring the relationship between job satisfaction and organizational commitment: An instrumental variable approach
Saridakis, G., Lai, Y., Muñoz Torres, R.I. and Gourlay, S. 2020. Exploring the relationship between job satisfaction and organizational commitment: An instrumental variable approach. International Journal of Human Resource Management. 31 (13), pp. 1739-1769. https://doi.org/10.1080/09585192.2017.1423100

Monetary Policy Rules with PID Control Features: Evidence from the UK, USA and EU
Shepherd, D., Muñoz Torres, R.I. and Saridakis, G. 2019. Monetary Policy Rules with PID Control Features: Evidence from the UK, USA and EU. International Review of Applied Economics. 33 (6), pp. 737-755 CIRA-2018-0245. https://doi.org/10.1080/02692171.2019.1585766

Do self-employment rates converge? Evidence from European OECD countries
Saridakis, G., Mendoza, M.A., Muñoz Torres, R.I. and Hand, C. 2018. Do self-employment rates converge? Evidence from European OECD countries. Journal of Common Market Studies. 57 (3), pp. 551-562. https://doi.org/10.1111/jcms.12834

Economy and Divorces: Their impact over time on the Self-Employment Rates in Spain
Saridakis, G., Mohammed, A.M., Garcia-Iglesias, J.M. and Muñoz Torres, R.I. 2018. Economy and Divorces: Their impact over time on the Self-Employment Rates in Spain. Journal of Family and Economic Issues. 39 (3), pp. 422-435. https://doi.org/10.1007/s10834-018-9575-6

Actual and Intended Growth in Family Firms and Non-Family Owned Firm: Are They Different?
Saridakis, G., Lai, Y., Muñoz Torres, R.I. and Mohammed, A.M. 2018. Actual and Intended Growth in Family Firms and Non-Family Owned Firm: Are They Different? Journal of Organizational Effectiveness: People and Performance. 5 (1), pp. 2-21 602747. https://doi.org/10.1108/JOEPP-04-2017-0033

Economic Growth and Regional Integration in Mexico
Shepherd, D., Muñoz Torres, R.I. and Mendoza, M.A. 2017. Economic Growth and Regional Integration in Mexico. Economic Issues. 22 (1), pp. 89-110.

The Relationship between Self-employment and Unemployment in the Long-Run: A Panel Cointegration Approach Allowing For Breaks
Saridakis, G., Mendoza, M.A., Muñoz Torres, R.I. and Glover, J. 2016. The Relationship between Self-employment and Unemployment in the Long-Run: A Panel Cointegration Approach Allowing For Breaks . Journal of Economic Studies. 43 (3), pp. 358-379. https://doi.org/10.1108/JES-11-2013-0169

Regional Output Growth and the Impact of Macroeconomic Shocks in Mexico
Shepherd, D., Muñoz Torres, R.I. and Mendoza, M.A. 2014. Regional Output Growth and the Impact of Macroeconomic Shocks in Mexico. International Review of Applied Economics . 28 (3), pp. 293-210. https://doi.org/10.1080/02692171.2013.872083

Inflation targeting and the consistency of monetary policy decisions in Mexico: an empirical analysis with discrete choice models
Muñoz Torres, R.I. and Shepherd, D. 2014. Inflation targeting and the consistency of monetary policy decisions in Mexico: an empirical analysis with discrete choice models. The Manchester School. 82 (S2), pp. 21-46. https://doi.org/10.1111/manc.12039

Do human resource practices enhance organizational commitment in SMEs with low employee satisfaction?
Saridakis, G., Muñoz Torres, R.I. and Johnstone, S. 2013. Do human resource practices enhance organizational commitment in SMEs with low employee satisfaction? British Journal of Management. 24 (3), pp. 445-458. https://doi.org/10.1111/j.1467-8551.2012.00814.x

Did the Bank of Mexico follow a systematic behaviour in its transition to an inflation targeting regime?
Garcia-Iglesias, J.M., Muñoz Torres, R.I. and Saridakis, G. 2013. Did the Bank of Mexico follow a systematic behaviour in its transition to an inflation targeting regime? Applied Financial Economics. 23 (14), pp. 1205-1213. https://doi.org/10.1080/09603107.2013.799755

The effect of the exchange rates on investment in Mexican manufacturing industry
Caglayan, M. and Muñoz Torres, R.I. 2011. The effect of the exchange rates on investment in Mexican manufacturing industry. Open Economies Review. 22 (4), pp. 669-683. https://doi.org/10.1007/s11079-010-9166-0

Economic growth and regional integration in Mexico
Shepherd, D., Muñoz Torres, R.I. and Mendoza, M.A. 2011. Economic growth and regional integration in Mexico. in: Muralidhar Rao, N.V. (ed.) Proceedings of the Annual International Conference on Qualitative and Quantitative Economics Research (QQE 2011) Singapore Global Science & Technology Forum. pp. Q31-Q37

Inflation Targeting in Emerging Economies: A Comparative Sacrifice Ratio Analysis
Muñoz Torres, R.I. 2005. Inflation Targeting in Emerging Economies: A Comparative Sacrifice Ratio Analysis. in: Motamen-Samadian, S. (ed.) Dynamic Models and Their Applications in Emerging and Global Markets Palgrave Macmillan. pp. 77-108

Permalink - https://westminsterresearch.westminster.ac.uk/item/w19y0/from-subsistence-farming-to-agribusiness-and-nonfarm-entrepreneurship-does-it-improve-economic-conditions-and-well-being


Share this

Usage statistics

34 total views
33 total downloads
These values cover views and downloads from WestminsterResearch and are for the period from September 2nd 2018, when this repository was created.