Business, Management and Accounting, Economics, Econometrics and Finance, General Engineering, General Social Sciences
7
Scopus Publications
Scopus Publications
Evaluating the Impact of Entrepreneurial Success Through Educational, A Family Support: Case Study of Somali Graduates Abdulrazak Nur Mohamed, Abdihakim Omar Abdullahi Electronic Journal of Business Research Methods, 2025 Purpose: This paper demonstrates the analyses of the role of educational and family support for the development of personal skills and risk willingness, which are important for pursuing entrepreneurial ventures. Entrepreneurship is seen as a critical component of economic development and growth, particularly in developing countries. Design/Methodology: The data was collected from three universities ((SIMAD University, Somali National University and Mogadishu University) in Banadir region purposively selected based on their research publication, formation of entrepreneurial sites, entrepreneurial fields, and entrepreneurial faculties. The study randomly selected 306 students across eight faculties from total population of 350 using Slovin’s Formula, the study utilized multiple linear regressions as technique of data analysis. The study used structural models through PLS software. Findings: The results revealed that that educational and family support significantly and positively impacted entrepreneurial intentions. The role of mediating variables (personal skills and risk willingness) also improves entrepreneurial intentions among graduate students. Moreover, the model shows that the changes of independent variables explain 34% of the changes of dependent variable, while the remaining 62% of changes might explained by unidentified factors which are not incorporated in the model. Recommendations: Thus, it is recommended that the private financial institutions and public institutions work together to establish micro finance center for the position of inspiring entrepreneurship joint ventures or ventures in the country.
Rebuilding Somalia's Manufacturing Industry: Assessing Critical Determinants and Pathways for Economic Development Abdulrazak Nur Mohamed, Abdikani Yusuf Abdulle International Journal of Sustainable Development and Planning, 2024 This empirical study investigates how human capital, infrastructure, and government policies influence prospects for rebuilding manufacturing and enabling economic development in Somalia.A structured survey of 300 professionals examined direct impacts on the manufacturing industry.Analysis revealed human capital and stable governance positively affected economic progress, while infrastructure's effect was insignificant.The paper addresses Somalia's critical need for promoting manufacturing amidst prolonged instability.Findings suggest policy and workforce development strategies for leveraging manufacturing for growth by overcoming binding constraints.
Precious Metals and Oil Price Dynamics Abdulrazak Nur Mohamed, Idiris Sid Ali Mohamed International Journal of Energy Economics and Policy, 2023 The aim of this study is to examine dynamic relationship among the prices of four precious metals (gold, silver, platinum, and palladium), oil price, and the US dollar/euro exchange rate. Recent literature for precious metals (gold, silver, platinum, palladium) and oil depict a lot contradiction results of their nexus in the long and short runs. So that, there is still much to investigate and learn about their relationship between them and with the exchange rate. The monthly data span from January 1990 to October 2021 is utilized, the study applies the co-integration analysis, multivariate Granger causality test and Variance Decomposition (VDC) analysis. The result shows the evidence of a long-run equilibrium relationship but weak feedbacks in the short run. The precious metal markets respond significantly (but temporarily) to a shock in any of the prices of the other metal prices and the exchange rate. Furthermore, we discover some evidence of market overreactions in the palladium and platinum cases as well as in the oil market. The study implies whether there are overreactions and re-adjustments or not, investors may diversify at least a portion of the risk away by investing in precious metals, oil, and the euro.
THE ASYMMETRIC EFFECTS OF FOREIGN DIRECT INVESTMENT INFLOW ON ECONOMIC GROWTH: FRESH EVIDENCE FROM SOMALIA Abdulrazak Nur Mohamed, Abdikani Yusuf Abdulle Abdulle Journal of Law and Sustainable Development, 2023 Purposes: Although there has been some progress since the 2012 establishment of the Federal Government Somalia, Foreign direct investment is the one of critical engines in economic growth. The latest value of foreign direct investment for 2021 was 5.97% of GDP, comparison of previous years to 2020 was 6.74% of GDP in Somalia. This paper aims to investigate the asymmetric effects of foreign direct investment (FDI) inflow on economic growth in Somalia from 1977-2021. In addition to FDI, inflation, gross capital formation, and trade openness are used as control variables to examine their influence on economic growth. Design/Methodology/approach: This research employs the nonlinear autoregressive distributed lag (NARDL) technique. Finding: The findings reveal that a positive shock in FDI positively influences Somalia's economic growth, while a negative FDI has a negative impact. The Wald test establishes the asymmetric effect of FDI on economic growth in both the short and long run. Moreover, trade openness and inflation rate significantly reduce the pace of economic growth in both the long and short run. However, gross capital formation only boosts economic growth in the long run. Research limitations/ implications: although Somali faced a lot of challenges including civil war, terrorists, macroeconomics instability, poor infrastructure, and corruptions are not considered owing to data availability. Policy implications: firstly, increase revenue through tax reforms and anti-corruption measures. Secondly, initiatives policies that help public finance investments and reduce trade barriers. Finally, maintain macroeconomic stability of inflation, and exchange rates, can help reduce the negative impact on economic growth improve the investment climate and Somalia’s image abroad.
The Asymmetric Effects of Government Debt on GDP Growth: Evidence from Somalia Abdulrazak Nur Mohamed, Abdikani Yusuf Abdulle International Journal of Sustainable Development and Planning, 2023 With the recent worldwide financial crisis, government debt has become a focal point of economic attention.This fundamental economic concept reflects the amount a nation owes in international loans.Rapid loan accumulation has brought Somalia's economy to the brink of a debt crisis, threatening the long-term economic stability of the region.This study examines the asymmetric relationship between government debt and GDP growth in Somalia from 1980 to 2020.It employs non-linear autoregressive distributed lag (NARDL) methods to investigate the asymmetric effects of government debt on GDP growth.The findings indicate a negative relationship between government debt and GDP growth; an increase in government debt significantly impairs GDP growth.The estimated long-run parameters for negative shocks to government debt are -0.711 and -2.88, respectively, suggesting that a decrease in government debt will lead to an increase in GDP growth.These results argue that for Somalia to stimulate GDP growth, it must maintain its obligations at a rational level and strive for fiscal sustainability.Policy implications include fiscal debt management, prioritizing public investments, and increasing revenue through tax reforms, anti-corruption measures, and promoting business initiatives to finance public investments and reduce debt.
FACTORS INFLUENCING FOREIGN DIRECT INVESTMENT INFLOW IN SOMALIA Abdulrazak Nur Mohamed, Abdikani Yusuf Abdulle, Abdihakim Omar Abdullahi International Journal of Professional Business Review, 2023 Purposes: The last four decades, the value of foreign direct investment (FDI) inflow in Somalia has fluctuated between $339,000,000 in 2016 and $43,390,000 in 1970. Thus, this research investigated the factors influencing foreign direct investment (FDI) inflows in Somalia. Over the period from 1980-2017 and data are obtained from the World Bank. Design/ Methodology/ approach: this study used The Vector Auto regression (VAR) model. The econometric methodology to be utilized includes the unit root test for used Augmented Dickey-Fuller (ADF), co-integration test, Johansen integration test and diagnostic test includes serial correlation, normality, heteroskedasticity and AR root test. Furthermore, they are also utilized for VAR Granger causality tests. Findings: The findings of this paper indicated unit root test showed that all variables except external debt are not stationary at the level but become stationary after first differencing at the 10% level of significant. The co-integration test indicates the relationships between variables are integrated. The Granger-causality test shows only one-way Granger-causality relationships from FDI to GDP, import and export variables or so-called unidirectional Granger causality. Moreover, impulse response function indicates results all variables are positive related in the short run and long run except for imports which is negative related with FDI. Although, GDP, imports and inflation are significant to FDI, but export and external debt are insignificant to FDI. Therefore, this research concludes that FDI influences economic growth in Somalia. Research limitations/ implications: Although this research has expended and evolved prior studied various respects, a comprehensive and systematic time-series study on FDI and its determinants in Somalia would involve more capitals than had been made available for this study. There are still a number of specific constrains to be noted on the investigating FDI and its determinants in this paper, some factors such as political and macroeconomic instability, human capital, infrastructure and corruptions are not considered owing to data availability. Moreover, it’s recommended that future studies could improvement widely and update research in FDI.
