Investment and Economic Development: an Assessment of the Factor(s) that Limit Level of Investment; the Case of West Wallagga Zone, Oromia Regional State

Abstract

This paper will investigate the factor (s) that limit the level of investment activity and the impact on economic development of west wallagga Administrative zone, Oromia Regional state. The under-lying factors why this research is made are the complete absence of any engineering Industry, non existence of higher educational institution in the zone, inadequate social service sectors and lack other development indicators. Thus, the key theme of this paper is to assess the factors that limit the level .of investment and its Impact on economic development of the zone and to recommend solution. Using purposeful and deliberate Quota sampling method, respondents will be selected from zonal and federal branch offices found in the zone to answer structured questionnaire designed to gather data and information and also some investors will be interviewed. Moreover, published and unpublished documents will be used. It is expected that the study will identify the areas of the problem(s) that contributed to the level of the- activity up to this extent and propose effective remedies and Managerial recommendation to foster the development of investment activity. In addition, it will show the different potential opportunities for further investment in the future in some of the development sectors in the zone.