Factors Influencing Economic Development in Mogadishu, Somalia

Authors

  • Abdinasir Aden Osman Jomo Kenyata University of Agriculture and Technology, Juja, Kenya
  • Stanley Kavale Lecturer, School of Business and Economics, Moi University, Kenya

Keywords:

community, consumption, development, economic, investment, savings

Abstract

Despite the numerous strategies implemented to increase economic development in somalia, no break through yet. The study aimed at investigating the factors influencing economic development of Somalia. The study was guided by the following objectives; to find out the effect of government spending on economic development of Mogadishu, Somalia, to find out the effect of saving on economic development of Mogadishu, Somalia, to find out the effect of investment on economic development of Mogadishu, Somalia. Descriptive research design was used with a target population of 134 and a sample size of 100 respondents from. Data was collected and analyzed using Statistical Package for the Social Sciences (SPSS) version 21. From the analysis it was found out that there is a significant effect of government spending, investment and savings on economic development. The study recommended that the government of Somalia should increase government spending, increase investment in health, education, infrastructure and encourage bank and house hold savings.

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Published

2018-05-31

How to Cite

Osman, A. A., & Kavale, S. (2018). Factors Influencing Economic Development in Mogadishu, Somalia. International Journal For Research In Agricultural And Food Science, 4(5), 01–12. Retrieved from https://gnpublication.org/index.php/afs/article/view/647

Issue

Vol. 4 No. 5 (2018): International Journal For Research In Agricultural And Food Science

Section

Articles

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