INVESTMENTS THAT AFFECT THE DEVELOPMENT OF THE ECONOMIC AREA OF PHROM MADUEA SUBDISTRICT MUENAG DISTRICT, NAKHON PATHOM PROVINCE

Abstract

Abstract

This research article aims to: 1) study the level of investment impacting economic area development, 2) examine the level of economic area development, 3) investigate the investment factors affecting economic area development, and 4) provide investment recommendations for developing the economic area in Phrom Madoo Subdistrict, Mueang District, Nakhon Pathom Province. This quantitative research targeted a population consisting of registered households in Phrom Madoo Subdistrict, with a total population of 2,863 individuals and a sample size of 351, calculated using Taro Yamane's formula. A simple random sampling method via a lottery draw was employed. Data were collected through questionnaires, and the statistical tools used for analysis included frequency distribution, percentage, mean, standard deviation, and multiple linear regression analysis by the Enter method at a significance level of 0.05.

The research findings revealed that: 1) the level of investment influencing economic area development in Phrom Madoo Subdistrict was at a moderate level,                       2) the level of economic area development in Phrom Madoo Subdistrict was also at a moderate level, 3) the relationship between investment and economic area development in Phrom Madoo Subdistrict demonstrated a moderate correlation, with a multiple correlation coefficient of .949 (R = .949). The independent variables explained 90.0% of the variation in the dependent variable (R² = .900), with an F-value of 382.282, indicating that the independent variables significantly affected the economic area development, and 4) the recommendations for investment in developing the economic area in Phrom Madoo Subdistrict include promoting financial support for farmers to grow organic vegetables and allocating budgets for tools to process agricultural products.