OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING
This study examined the economic benefits of the National Youth Development Agency (NYDA) grant funding, in the Eastern Cape, using cost benefit analysis (CBA) and least absolute deviation (LAD) regression analysis on a sample size of 253 respondents. The study found that public investment towards y...
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| Format: | Article |
| Language: | English |
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University of Banja Luka, Faculty of Economics
2023-12-01
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| Series: | Acta Economica |
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| Online Access: | https://www.ae.ef.unibl.org/index.php/ae/article/view/467 |
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| _version_ | 1841548002320187392 |
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| author | Asanda Fotoyi Ronney Ncwadi |
| author_facet | Asanda Fotoyi Ronney Ncwadi |
| author_sort | Asanda Fotoyi |
| collection | DOAJ |
| description | This study examined the economic benefits of the National Youth Development Agency (NYDA) grant funding, in the Eastern Cape, using cost benefit analysis (CBA) and least absolute deviation (LAD) regression analysis on a sample size of 253 respondents. The study found that public investment towards youth entrepreneurship through NYDA grant funding yields positive social returns. The study further found that the development of youth entrepreneurship should go beyond just NYDA grant funding to include favorable policies towards closing gender gaps, supportive education systems as well ensuring diverse economic sectors.
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| format | Article |
| id | doaj-art-bae3b9b13d234420b6064226e331d310 |
| institution | Kabale University |
| issn | 1512-858X 2232-738X |
| language | English |
| publishDate | 2023-12-01 |
| publisher | University of Banja Luka, Faculty of Economics |
| record_format | Article |
| series | Acta Economica |
| spelling | doaj-art-bae3b9b13d234420b6064226e331d3102025-01-10T14:15:11ZengUniversity of Banja Luka, Faculty of EconomicsActa Economica1512-858X2232-738X2023-12-01213910.7251/ACE2339149FOPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDINGAsanda Fotoyi0https://orcid.org/0000-0002-9246-0471Ronney Ncwadi1https://orcid.org/0000-0002-7865-6996Faculty of Business and Economic Sciences, Nelson Mandela University, South AfricaFaculty of Business and Economic Sciences, Nelson Mandela UniversityThis study examined the economic benefits of the National Youth Development Agency (NYDA) grant funding, in the Eastern Cape, using cost benefit analysis (CBA) and least absolute deviation (LAD) regression analysis on a sample size of 253 respondents. The study found that public investment towards youth entrepreneurship through NYDA grant funding yields positive social returns. The study further found that the development of youth entrepreneurship should go beyond just NYDA grant funding to include favorable policies towards closing gender gaps, supportive education systems as well ensuring diverse economic sectors. https://www.ae.ef.unibl.org/index.php/ae/article/view/467societal welfareeconomic impactcost-benefit analysisentrepreneurshipgrant fundingyouth |
| spellingShingle | Asanda Fotoyi Ronney Ncwadi OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING Acta Economica societal welfare economic impact cost-benefit analysis entrepreneurship grant funding youth |
| title | OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING |
| title_full | OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING |
| title_fullStr | OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING |
| title_full_unstemmed | OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING |
| title_short | OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING |
| title_sort | optimizing the economic benefits of public spending from national youth development agency grant funding |
| topic | societal welfare economic impact cost-benefit analysis entrepreneurship grant funding youth |
| url | https://www.ae.ef.unibl.org/index.php/ae/article/view/467 |
| work_keys_str_mv | AT asandafotoyi optimizingtheeconomicbenefitsofpublicspendingfromnationalyouthdevelopmentagencygrantfunding AT ronneyncwadi optimizingtheeconomicbenefitsofpublicspendingfromnationalyouthdevelopmentagencygrantfunding |