OPTIMIZING THE ECONOMIC BENEFITS OF PUBLIC SPENDING FROM NATIONAL YOUTH DEVELOPMENT AGENCY GRANT FUNDING

Asanda Fotoyi; Ronney Ncwadi

doi:10.7251/ACE2339149F

Authors

Asanda Fotoyi Faculty of Business and Economic Sciences, Nelson Mandela University, South Africa https://orcid.org/0000-0002-9246-0471
Ronney Ncwadi Faculty of Business and Economic Sciences, Nelson Mandela University https://orcid.org/0000-0002-7865-6996

DOI:

https://doi.org/10.7251/ACE2339149F

Keywords:

societal welfare, economic impact, cost-benefit analysis, entrepreneurship, grant funding, youth, NYDA, welfare economics

Abstract

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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