ABSTRACT
Entrepreneurship is increasingly used as the framework for promotion of innovation, economic growth and development. Using the finance-growth model, this chapter explores the asymmetric link between financial market development (FMD), regulatory quality and entrepreneurship in Nigeria using time series data from 1996 to 2018 and a non-linear auto-regressive distributed lag (NARDL) approach. The findings show that regulatory quality positively moderates the relationship between institution depth index, financial institution access index and financial institution efficiency index as the dimensions of FMD and self-employment in the long run, while the short-run effect was inconsistent. The theoretical and practical implications are then discussed and policy recommendations provided, especially relating to developing, emerging and transition economies (DETEs).
