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The effect of domestic and public investment on economic growth in Somalia

Government expenditures possess the potential to exert either a favorable or detrimental influence on an economy. Augmentations in public investment yield augmented yields, enhancing the output and employment status of any nation and propelling economic expansion. The study conducts an in-depth i...

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Main Authors: Abdullahi Mohamud, Yasmin, Ma'rof, Aini Azeqa, Mohamed, Abdullahi Mohamud, Mohamed Ali, Abdullahi
Format: Article
Published: Human Resource Management Academic Research Society 2023
Online Access:http://psasir.upm.edu.my/id/eprint/109244/
https://hrmars.com/index.php/IJARBSS/article/view/19825/The-Effect-of-Domestic-and-Public-Investment-on-Economic-Growth-in-Somalia
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spelling my.upm.eprints.1092442024-08-20T06:37:58Z http://psasir.upm.edu.my/id/eprint/109244/ The effect of domestic and public investment on economic growth in Somalia Abdullahi Mohamud, Yasmin Ma'rof, Aini Azeqa Mohamed, Abdullahi Mohamud Mohamed Ali, Abdullahi Government expenditures possess the potential to exert either a favorable or detrimental influence on an economy. Augmentations in public investment yield augmented yields, enhancing the output and employment status of any nation and propelling economic expansion. The study conducts an in-depth investigation into the intricate relationship between government spending, public investment, and their impact on economic growth. It offers a nuanced understanding of this complex interplay by drawing on economic theories, empirical studies, and real-world examples. The study employs robust econometric methods, specifically the Ordinary Least Squares (OLS) regression, to investigate the impact of public investment and domestic investment on GDP growth. The results reveal a strong and positive relationship between both public investment and domestic investment with economic growth. Specifically, a one percent increase in domestic investment correlates with a substantial 53.1 percent increase in GDP, emphasizing the significance of private sector investments. Similarly, a one percent increase in public investment results in a notable 23.3 percent GDP increase, highlighting the role of government-led initiatives, particularly infrastructure projects, in promoting economic growth. These findings validate the importance of a balanced approach that leverages both public and private investments for sustainable economic growth. The study underscores the importance of balancing public and private investments for economic growth while emphasizing the need for tailored policies that consider specific contextual factors in emerging economies like Somalia. Human Resource Management Academic Research Society 2023-12-08 Article PeerReviewed Abdullahi Mohamud, Yasmin and Ma'rof, Aini Azeqa and Mohamed, Abdullahi Mohamud and Mohamed Ali, Abdullahi (2023) The effect of domestic and public investment on economic growth in Somalia. International Journal of Academic Research in Business and Social Sciences, 13 (17). pp. 140-148. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/19825/The-Effect-of-Domestic-and-Public-Investment-on-Economic-Growth-in-Somalia 10.6007/ijarbss/v13-i17/19825
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description Government expenditures possess the potential to exert either a favorable or detrimental influence on an economy. Augmentations in public investment yield augmented yields, enhancing the output and employment status of any nation and propelling economic expansion. The study conducts an in-depth investigation into the intricate relationship between government spending, public investment, and their impact on economic growth. It offers a nuanced understanding of this complex interplay by drawing on economic theories, empirical studies, and real-world examples. The study employs robust econometric methods, specifically the Ordinary Least Squares (OLS) regression, to investigate the impact of public investment and domestic investment on GDP growth. The results reveal a strong and positive relationship between both public investment and domestic investment with economic growth. Specifically, a one percent increase in domestic investment correlates with a substantial 53.1 percent increase in GDP, emphasizing the significance of private sector investments. Similarly, a one percent increase in public investment results in a notable 23.3 percent GDP increase, highlighting the role of government-led initiatives, particularly infrastructure projects, in promoting economic growth. These findings validate the importance of a balanced approach that leverages both public and private investments for sustainable economic growth. The study underscores the importance of balancing public and private investments for economic growth while emphasizing the need for tailored policies that consider specific contextual factors in emerging economies like Somalia.
format Article
author Abdullahi Mohamud, Yasmin
Ma'rof, Aini Azeqa
Mohamed, Abdullahi Mohamud
Mohamed Ali, Abdullahi
spellingShingle Abdullahi Mohamud, Yasmin
Ma'rof, Aini Azeqa
Mohamed, Abdullahi Mohamud
Mohamed Ali, Abdullahi
The effect of domestic and public investment on economic growth in Somalia
author_facet Abdullahi Mohamud, Yasmin
Ma'rof, Aini Azeqa
Mohamed, Abdullahi Mohamud
Mohamed Ali, Abdullahi
author_sort Abdullahi Mohamud, Yasmin
title The effect of domestic and public investment on economic growth in Somalia
title_short The effect of domestic and public investment on economic growth in Somalia
title_full The effect of domestic and public investment on economic growth in Somalia
title_fullStr The effect of domestic and public investment on economic growth in Somalia
title_full_unstemmed The effect of domestic and public investment on economic growth in Somalia
title_sort effect of domestic and public investment on economic growth in somalia
publisher Human Resource Management Academic Research Society
publishDate 2023
url http://psasir.upm.edu.my/id/eprint/109244/
https://hrmars.com/index.php/IJARBSS/article/view/19825/The-Effect-of-Domestic-and-Public-Investment-on-Economic-Growth-in-Somalia
_version_ 1809142980078993408
score 13.211869

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