Araştırma Makalesi

The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia

Cilt: 8 Sayı: 1 10 Şubat 2021
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The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia

Öz

Entrepreneurship is crucial to raising the standard of living and promoting the development of the economy. Small and medium-sized enterprises are recognized as solutions for economic growth, modernization, job creation, and income generation. The focus of this study is on how SMEs can contribute to job creation and economic growth in Somalia. This study uses a descriptive research design and a quantitative approach to gain insight into variables. A sample size of 201 participants was chosen and determined using a method of purposive or judgmental sampling. The researcher developed the questionnaire as a data collection tool which was collected using a Google forms Survey program, then edited, collated and tabulated using SPSS -statistical computer software- Version 22 and Excel 2010. Finally researchers corrected certain mistakes and anomalies to improve validity and reliability. Our study found that lack of funding, poor management skills and certain government policies are key barriers for small and medium-sized enterprises in Somalia. Our study also indicated that countries’ poor policies on imported products, humanitarian aid and unregulated competition have a negative effect on developing small and medium enterprises in the region. In this study concluded that providing access to finance through banks and large companies, giving enough knowledge and skills and introducing effective policies for the growth of small and medium enterprises by the government will enhance small and medium enterprises in Somalia.

Anahtar Kelimeler

Kaynakça

  1. Acs, Z. J., & Audretsch, D. B. (1990). The determinants of small-firm growth in US manufacturing. Applied Economics, 22(2), 143-153.
  2. Adeusi, S., & Aluko, O. (2014). Assessing the role of government in promoting small scale businesses in Kogi State: the Kabba/Bunu experience. IOSR Journal of Business and Management, 16(11), 86-92.
  3. Ahmad, S. Z., Abdul Rani, N. S., & Mohd Kassim, S. K. (2010). Business challenges and strategies for development of small-and medium-sized enterprises (SMEs) in
  4. Malaysia. International Journal of Business Competition and Growth, 1(2), 177-197.
  5. Al-Haddad, L., Sial, M. S., Ali, I., Alam, R., Khuong, N. V., & Thuy, T. H. (2019). The role of small and medium enterprises (SMEs) in employment generation and economic growth: a study of marble industry in emerging economy. Int J Financial Res, 10(6).
  6. Ali, A. H., Abu-Hadi, A. O., & Ali, A. (2013). The accessibility of microfinance for small businesses in Mogadishu, Somalia. International Journal of Humanities and Social Science, 3(11), 172-180.
  7. Ariyo, D. (2008). Small firms are the Backbone of the Nigerian Economy. Retrieved on August 24, 2012 from http. In.
  8. Aruwa, S. A., & Suleiman, A. (2004). Financing options for small and medium scale enterprises in Nigeria. Small, 50, 99.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

10 Şubat 2021

Gönderilme Tarihi

31 Ekim 2020

Kabul Tarihi

10 Şubat 2021

Yayımlandığı Sayı

Yıl 2021 Cilt: 8 Sayı: 1

Kaynak Göster

APA
Maow, B. A. (2021). The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia. İktisat Politikası Araştırmaları Dergisi, 8(1), 45-56. https://doi.org/10.26650/JEPR818861
AMA
1.Maow BA. The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia. JEPR. 2021;8(1):45-56. doi:10.26650/JEPR818861
Chicago
Maow, Bashir Ahmed. 2021. “The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia”. İktisat Politikası Araştırmaları Dergisi 8 (1): 45-56. https://doi.org/10.26650/JEPR818861.
EndNote
Maow BA (01 Şubat 2021) The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia. İktisat Politikası Araştırmaları Dergisi 8 1 45–56.
IEEE
[1]B. A. Maow, “The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia”, JEPR, c. 8, sy 1, ss. 45–56, Şub. 2021, doi: 10.26650/JEPR818861.
ISNAD
Maow, Bashir Ahmed. “The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia”. İktisat Politikası Araştırmaları Dergisi 8/1 (01 Şubat 2021): 45-56. https://doi.org/10.26650/JEPR818861.
JAMA
1.Maow BA. The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia. JEPR. 2021;8:45–56.
MLA
Maow, Bashir Ahmed. “The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia”. İktisat Politikası Araştırmaları Dergisi, c. 8, sy 1, Şubat 2021, ss. 45-56, doi:10.26650/JEPR818861.
Vancouver
1.Bashir Ahmed Maow. The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia. JEPR. 01 Şubat 2021;8(1):45-56. doi:10.26650/JEPR818861