Economics, Econometrics and Finance
4 years ago

Somalian Consumption Fuels Economic Growth, Offering Hope for Prosperity

3 views
Journal of Economics and Sustainable Development
Analysis of the Dynamic Relationship Between Consumption Expenditure and Economic Growth in Somalia: Co-integration and Vector Error Correction Modelling
Abdikani Abdullahi Sheikdon

Paper Summary

The study analyzed the relationship between spending and economic growth in Somalia from 1970 to 2018. They found that spending and growth are connected in both the short and long term. The model used to analyze the data showed that adjustments are made each year to bring spending and growth closer together. Additionally, spending was found to influence economic growth in the short term.

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