The Transformative Power of Financial Services on Economic Growth among Households in Mbarara Municipality

IF 0.9 4区经济学 Q3 ECONOMICS

American Journal of Economics and Sociology Pub Date : 2023-06-15 DOI:10.47672/aje.1497

N. Frederick, Mugisha Kyoma

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引用次数: 0

Abstract

Purpose: To establish the relationship between status of available financial services and economic growth of households in Mbarara municipality in Uganda. Methodology: The study adopted cross sectional research design. Out of the 16,861 household of in Mbarara municipality, 100 households were selected using Yaro Yamane’s Statistical formula which gives a better representative sample size out of a big population size as compared to other methods (Yamane, 1969).A Standard linear regression analysis was carried out. Findings: The study findings revealed that there is a substantial positive relationship between status of financial services available and level of economic growth of households in Mbarara Municipality with 41.4% of high level the economic growth of people Mbarara Municipality is because of the good status of financial services available. Other factors such as inflation and government policy accounted for 58.6% of the level of Economic growth of people Mbarara Municipality in Uganda Recommendations: The study also recommends that the government and other stake holders such as Mbarara municipal council and other non-governmental organizations should increase on the status of financial services available buy increasing accessibility, quality and usage since they account for 41.4% of the level the economic growth of people Mbarara Municipality Strategies to control other factors like inflation and political instability such as encouraging industrialization and exports should be put in place so since they account for 58.6% of the level of Economic growth of people Mbarara Municipality

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金融服务对姆巴拉拉市家庭经济增长的变革力量

目的:建立乌干达姆巴拉拉市家庭可用金融服务状况与经济增长之间的关系。研究方法:采用横断面研究设计。在Mbarara市的16,861户家庭中，使用Yaro Yamane的统计公式选择了100户家庭，与其他方法相比，该公式在大人口规模中提供了更好的代表性样本量(Yamane, 1969)。采用标准线性回归分析。研究发现:姆巴拉拉市家庭金融服务状况与经济增长水平之间存在显著的正相关关系，其中41.4%的高水平居民经济增长是由于金融服务状况良好。通货膨胀和政府政策等其他因素占乌干达姆巴拉拉市人民经济增长水平的58.6%。该研究还建议，政府和其他利益相关者，如姆巴拉拉市议会和其他非政府组织，应提高金融服务的地位，增加可及性。质量和使用，因为它们占人民的经济增长水平的41.4%。控制其他因素，如通货膨胀和政治不稳定，如鼓励工业化和出口的战略应该到位，因为它们占人民的经济增长水平的58.6%

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来源期刊

American Journal of Economics and Sociology Multiple-

CiteScore

1.90

自引率

12.50%

发文量

期刊介绍： The American Journal of Economics and Sociology (AJES) was founded in 1941, with support from the Robert Schalkenbach Foundation, to encourage the development of transdisciplinary solutions to social problems. In the introduction to the first issue, John Dewey observed that “the hostile state of the world and the intellectual division that has been built up in so-called ‘social science,’ are … reflections and expressions of the same fundamental causes.” Dewey commended this journal for its intention to promote “synthesis in the social field.” Dewey wrote those words almost six decades after the social science associations split off from the American Historical Association in pursuit of value-free knowledge derived from specialized disciplines. Since he wrote them, academic or disciplinary specialization has become even more pronounced. Multi-disciplinary work is superficially extolled in major universities, but practices and incentives still favor highly specialized work. The result is that academia has become a bastion of analytic excellence, breaking phenomena into components for intensive investigation, but it contributes little synthetic or holistic understanding that can aid society in finding solutions to contemporary problems. Analytic work remains important, but in response to the current lop-sided emphasis on specialization, the board of AJES has decided to return to its roots by emphasizing a more integrated and practical approach to knowledge.