THE ROLE OF PROPERTY RIGHT ON ECONOMIC GROWTH AND DEVELOPMENT: HARGEISA, SOMALILAND

Author Name: 1Mr. Mousse Abdi Mohamoud, 2Mr. Ahmed Abdi Osman

Volume: 01 &  Issue:

Country: Somaliland

DOI NO.: 08.2020-25662434, DOI Link: http://www.doi-ds.org/doilink/09.2020-82125496/

Affiliation:

¹ Economics researcher/ Developmental Economics,

² Human resource manager.

Admas University, College of Business and Economics, Hargeisa, Somaliland

ABSTRACT

The purpose of this paper is to give the true meaning for the role property right on economic growth and development, specifically land ,housing and entrepreneurial idea in Hargeisa city. The paper examine the relationship between secure property rights on economic growth and development and the structures and institutions that directly affect the property rights management, and also the important role that property right paly investment and income generation. To describe the relative effect between the role of property rights on economic growth, both probability and non-probability sampling is used. To select a representative sample, stratified sampling and then simple random sampling techniques are employed. The researchers gained data from survey to consider the opinions of the respondents regarding the role of property rights on economic growth and development and face to face interview head department and staffs of several ministries and other institutions of the country of public work, ministry of trade & investment and tribunal committee, Somaliland High court and depart of land and land committee of Hargeisa local government. The findings of this study indicate there is high significantly relationship between property rights and economic growth, while the secure property rights increases the level of investment to the land and encourages to come up with entrepreneurial ideas. The findings on the study revealed that there is when there is strengthen the secure property rights it is directly related to economic growth, in the study there is a recommendation forwarded to property rights management.

Key words: Property right, growth, development.