YOUTH VOICE JOURNAL (YVJ) | ISSN: 2056-2969

Youth Voice Journal (YVJ) is an international, multidisciplinary, peer-reviewed journal that publishes theoretical contributions and empirical studies on international issues affecting young people. YVJ is published by IARS Publications, a member of COPE. YVJ is ranked and indexed by Scopus, ORCID, Kudos, Criminal Justice Abstracts, EBSCO Information Services and The European Reference Index for the Humanities and the Social Sciences (ERIH PLUS).

Paul Pounder (2018) Addressing Youth Entrepreneurship: Challenges and Prospects Sourcing Micro-finance in the Caribbean Economy

Abstract

Purpose of this paper: The purpose of this paper is to examine youth entrepreneurship and the extent to which the current status of micro-financing is available in the Caribbean. The study aims to expand the domain of youth entrepreneurship by recommending a suitable framework.

Design/methodology/approach: The paper opted for an exploratory study approach. It entailed a literature review of youth entrepreneurship, financial education, entrepreneurship education and youth financing. The author uses data from the GEM National Expert Survey. The survey is administered to 36 or more experts in each of the Caribbean countries. The descriptive statistics were analyzed and the results were used as the foundation for drafting conclusions and recommendations.

Findings: The findings highlighted that debt finance followed by government subsidies were perceived as most accessible financial instruments, while IPO funding was viewed as the least accessible micro-financing instrument.

Research limitations/implications (if applicable): The main limitations in this research are that in the GEM National Expert Survey, the questions on finance are broadly construed.

Practical implications (if applicable): The paper includes implications for the development of a more comprehensive assessment of the financial needs of youth. Plus there is a need to streamline financial education throughout more curriculums.

What is original/value of paper: This paper fulfils an identified need to study youth entrepreneurship in developing economies like the Caribbean.

Key Words: youth, entrepreneurship, development, micro-finance, economy, GEM, Caribbean

 

 

Original Image can be found here on Flickr

About Youth Voice Journal

Youth Voice Journal is an international, multidisciplinary, refereed journal that publishes theoretical contributions and empirical studies on international issues affecting young people. In particular, the Journal aims to: - provide a medium, especially for young researchers and young academics, to inform debates around social policy through high quality research; - provide a platform for the intellectual exchange of ideas around the globe with the aim of influencing policies and practices; - actively encourage and aide those young people whose voice is rarely heard by policy makers to contribute to the journal. Youth Voice Journal is published by IARS Publications and edited by Dr. Theo Gavrielides.

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This entry was posted on May 24, 2018 by in Citizenship.

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IARS Publications is a not for profit independent, small publisher that was founded by Dr. Theo Gavrielides. It specialises in social sciences and research studies, has a  restorative justice series and it is also the publisher of the peer reviewed Youth Voice Journal.  

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