THE IMPACT OF SELECTED SOCIOECONOMIC FACTORS ON ASSET BUILDING IN RURAL COMMUNITIES

Nii O. Tackie, Judith N. Aboagye, Gwendolyn J. Johnson, Millicent Braxton, LaTanya Hunt-Haralson and Gertrude D. Wall

Professional Agricultural Workers Journal (PAWJ), 2013, vol. 01, issue 01, 15

Abstract: The study examined the impact of selected socioeconomic factors on asset building. Using a questionnaire, data were obtained from a convenience sample of 204 participants from several Alabama Black Belt Counties, and analyzed using descriptive statistics and logit analysis. The results showed that a majority (64%) was willing to participate in an asset building program. Of this, an overwhelming majority (at most 70%) wanted to set up a small business; further their education, or purchase a home. In addition, one socioeconomic factor, age, had a statistically significant (p = 0.016) effect on willingness to participate in an asset building program. Consequently, it was recommended that policies and programs that encourage participation in asset building be put in place for residents in the study area, focusing on age as a key factor, among others, to improve wealth. Critical resources to use in this effort are the community-based organizations, and research institutions.

Keywords: Public; Economics (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/236730/files/Nii%20O.%20Tackie.pdf (application/pdf)

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:ags:pawjal:236730

DOI: 10.22004/ag.econ.236730

Access Statistics for this article

More articles in Professional Agricultural Workers Journal (PAWJ) from Professional Agricultural Workers Conference
Bibliographic data for series maintained by AgEcon Search ().