The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia
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...
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| Format: | Article |
| Language: | English |
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Istanbul University Press
2021-01-01
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| Series: | İktisat Politikası Araştırmaları Dergisi |
| Subjects: | |
| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/4E5FAD08C84145DE9F0CF142AB1A6C13 |
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| _version_ | 1850035470967242752 |
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| author | Bashir Ahmed Maow |
| author_facet | Bashir Ahmed Maow |
| author_sort | Bashir Ahmed Maow |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-13a26df5df424c799d734b68cdb69a31 |
| institution | DOAJ |
| issn | 2148-3876 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | İktisat Politikası Araştırmaları Dergisi |
| spelling | doaj-art-13a26df5df424c799d734b68cdb69a312025-08-20T02:57:29ZengIstanbul University Pressİktisat Politikası Araştırmaları Dergisi2148-38762021-01-0181455610.26650/JEPR818861123456The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in SomaliaBashir Ahmed Maow0https://orcid.org/0000-0002-5717-7232Ondokuz Mayıs Üniversitesi, Samsun, TurkiyeEntrepreneurship 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.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/4E5FAD08C84145DE9F0CF142AB1A6C13small and medium enterprisesjob creationeconomic growthaccess to capital somalia |
| spellingShingle | Bashir Ahmed Maow The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia İktisat Politikası Araştırmaları Dergisi small and medium enterprises job creation economic growth access to capital somalia |
| title | The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia |
| title_full | The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia |
| title_fullStr | The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia |
| title_full_unstemmed | The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia |
| title_short | The Impact of Small and Medium Enterprises (SMEs) on Economic Growth and Job Creation in Somalia |
| title_sort | impact of small and medium enterprises smes on economic growth and job creation in somalia |
| topic | small and medium enterprises job creation economic growth access to capital somalia |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/4E5FAD08C84145DE9F0CF142AB1A6C13 |
| work_keys_str_mv | AT bashirahmedmaow theimpactofsmallandmediumenterprisessmesoneconomicgrowthandjobcreationinsomalia AT bashirahmedmaow impactofsmallandmediumenterprisessmesoneconomicgrowthandjobcreationinsomalia |