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

Bashir Ahmed Maow ()
Additional contact information
Bashir Ahmed Maow: Ondokuz Mayıs University, Faculty of Agriculture, Department of Agriculture Structures and irrigation, Samsun, Turkey

Journal of Economic Policy Researches, 2021, vol. 8, issue 1, 45-56

Abstract: 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.

Keywords: Small and Medium enterprises; Job creation; Economic growth; Access to capital Somalia (search for similar items in EconPapers)
JEL-codes: G24 H81 J21 O12 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/4E5FAD08C84145DE9F0CF142AB1A6C13 (application/pdf)
https://iupress.istanbul.edu.tr/en/journal/jepr/ar ... -creation-in-somalia (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ist:iujepr:v:8:y:2021:i:1:p:45-56

DOI: 10.26650/JEPR818861

Access Statistics for this article

Journal of Economic Policy Researches is currently edited by Halil TUNALI

More articles in Journal of Economic Policy Researches from Istanbul University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Istanbul University Press Operational Team (Ertuğrul YAŞAR) ().