MJAMR

The Influence of Cultural Norms on Socio-Economic Development Communities in Uganda, a Case Study of Namanyonyi Sub County, Mbale District.

Mbodo Ismail, Sekiswa Peter, Dr Arinaitwe Julius


Abstract

Cultural variables are incorporated into a baseline endogenous economic growth model. Cultural attitudes toward achievement and thrift have a positive effect on economic growth. Cultural attitudes concerning post materialism have a negative effect on economic growth. Ordinary least squares regression is used to test economic and cultural models of growth on a cross section of 25 countries. The encompassing principle is used to resolve competing theoretical specifications and to generate a final parsimonious model. A variant of Leamer's Extreme Bounds Analysis (EBA) is used to evaluate the sensitivity of parameter estimates. 18% of this research finding denoted that cultural norm through cultural ambitious leaders played a big role in mobilizing their respective communities toward socio-economic development. Leaders asked members to participate in recourse contributions, formation SACCOS and small investments clubs that could help enhance personal income, attending seminars and workshops on modern agriculture and giving towards advancement of the social course. The conclusions are further supported by nonparametric methods including robust regression and bootstrap resampling. The data for the analysis are from the World Values Survey (1990) and from Levine and Renelt (1992). An empirical model that incorporates both cultural and economic variables is superior to an explanation emphasizing one set of these variables. The final model is robust to: (1) alterations in the conditioning set of variables; (2) elimination of influential cases; and (3) variations in estimation procedures.

Keywords

cultural norms socio-economic development and communities
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Mbodo Ismail, Sekiswa Peter & Dr Arinaitwe Julius (2023). The Influence of Cultural Norms on Socio-Economic Development Communities in Uganda, a Case Study of Namanyonyi Sub County, Mbale District. Metropolitan Journal of Academic Multidisciplinary Research, 2(9). https://journals.miu.ac.ug/pages/article.php?article_id=1599

More in This Issue

View full issue →
1
A Study on the Impact of Audit Practices on Managing Fraud in Organizations, a Case Study of Top Rank Consults, Kampala
Ssenyonga Zubairi, Zikusooka Enock, Asiimwe Isaac Kazaara
audit practices management fraud and organizations
2
An Assessment of the Impact of Staff Appraisal Systems on Workforce Productivity in Organizations; a Case Study of World Vision, Nakasongola District.
Gwokyalya Grace Lutaaya, Babirye Shamirah, Mirembe Suzan
staff appraisal systems workforce productivity and organizations
3
Analyzing the Role of Electronic Procurement on Organisational Service Delivery. A Case Study of Century Bottling Company
Unzimai Leonard Emilio, Otim John William, Ntirandekura Moses
electronic procurement organisations and service delivery
4
Assess the Role of Cooperative Societies on Women’s Economic Empowerment. Acase Study of Aulogo Cooperative Savings and Credit Society
Unzimai Francis Baru, Kirwisa Matovu
cooperative societies Sacco’s and women’s economic empowerment
5
Assessing the Effect of Credit Risk Management on the Performance of Financial Institutions in Uganda, a Case Study of Pride Microfinance, Nankulabye Branch
Happy Brenda, Prof Nafiu Lukman Abiodun, Ngiri Andrew
credit risk management performance and financial institutions