Agriculture and economic growth in Somalia (1999-2011)
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Date
2013-12
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study focused on Agriculture and economic growth in Somalia (1991-2011)
Its objectives were; to establish the trend of Agriculture in Somalia (1999-2011, to establish the trend of Economic growth of Somalia (1999-2011), to investigate the effect Agriculture on Economic growth in Somalia (1999-2011).
The hypothesis of the study was there is no significant relationship between Agriculture and economic growth in Somalia time series analysis such as correlation analysis, regression analysis mechanisms were used. The trend of Agriculture and economic growth has shown cyclical fluctuation for the period under study.
Using the correlation, regression approach, there was a strong positive correlation between Agriculture and Economic growth(r = 0.733), there was also significant relationship between Agriculture and economic growth at 0.05 level of significance. In conclusion therefore both Agriculture and Economic growth has general increase, there is a positive relationship between Agriculture and economic growth in Somalia which agreed with Karl et al (2003), Gallup et al (1997), Tiffin et al (2006), Katirciglu (2006) study on Agriculture and economic growth and found a significant relationship between agriculture and economic growth, this has implied that agriculture plays a very important role in economic growth of Somalia.
Description
A Research Report Submitted to the College of Economics and Management Science in Partial Fulfillment of the Requirements for the Award of a Bachelor’s Degree of Arts in Economics of Kampala International University
Keywords
Agriculture, Economic growth, Somalia