Journal
Metropolitan Journal of Academic Multidisciplinary Research
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
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 2, No. 9 |
| Published | 30 September 2023 |
| ISSN | 3006-4384 |
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
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
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