The effects of financial inclusion on agricultural productivity in Nigeria
Purpose – Farmers are the largest group of financially excluded persons in Nigeria, thereby highlighting the supply shortfall in finance to agriculture in Nigeria. Availability of finance would go a long way in improving output and productivity in agriculture, and consequently help in reducing pover...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2020-04-01
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| Series: | Journal of Economics and Development |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JED-11-2019-0059/full/pdf?title=the-effects-of-financial-inclusion-on-agricultural-productivity-in-nigeria |
| _version_ | 1798033577112240128 |
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| author | Babajide Fowowe |
| author_facet | Babajide Fowowe |
| author_sort | Babajide Fowowe |
| collection | DOAJ |
| description | Purpose – Farmers are the largest group of financially excluded persons in Nigeria, thereby highlighting the supply shortfall in finance to agriculture in Nigeria. Availability of finance would go a long way in improving output and productivity in agriculture, and consequently help in reducing poverty. This study conducts an empirical investigation of the effects of financial inclusion on agricultural productivity in Nigeria. Design/methodology/approach – This study makes use of the Living Standards Measurement Study–Integrated Surveys on Agriculture (LSMS-ISA). This is a new data set on agricultural households which contains information on agricultural activities and various household activities, including banking, savings and insurance behaviour. Considering the data are such that there are observations for households over three time periods, the study exploits the time series and cross-section dimension of the data by using panel data estimation. Findings – The empirical results of the study show that financial inclusion, irrespective of how it is measured, has exerted positive and statistically significant effects on agricultural productivity in Nigeria. Originality/value – While considerable research has been conducted to examine how finance affects broad macroeconomic aggregates, little is known about the effects of finance at the household and individual level. It is important to explicitly account for financial inclusion when examining the effects of finance on individuals and households. This study improves on existing research and offers new insights into the effects of financial inclusion on the economic activities of agricultural households in Nigeria. |
| first_indexed | 2024-04-11T20:32:33Z |
| format | Article |
| id | doaj.art-9616796cd2934ac4831324e89ccf57c4 |
| institution | Directory Open Access Journal |
| issn | 1859-0020 2632-5330 |
| language | English |
| last_indexed | 2024-04-11T20:32:33Z |
| publishDate | 2020-04-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of Economics and Development |
| spelling | doaj.art-9616796cd2934ac4831324e89ccf57c42022-12-22T04:04:28ZengEmerald PublishingJournal of Economics and Development1859-00202632-53302020-04-01221617910.1108/JED-11-2019-0059641461The effects of financial inclusion on agricultural productivity in NigeriaBabajide Fowowe0University of Ibadan, Ibadan, NigeriaPurpose – Farmers are the largest group of financially excluded persons in Nigeria, thereby highlighting the supply shortfall in finance to agriculture in Nigeria. Availability of finance would go a long way in improving output and productivity in agriculture, and consequently help in reducing poverty. This study conducts an empirical investigation of the effects of financial inclusion on agricultural productivity in Nigeria. Design/methodology/approach – This study makes use of the Living Standards Measurement Study–Integrated Surveys on Agriculture (LSMS-ISA). This is a new data set on agricultural households which contains information on agricultural activities and various household activities, including banking, savings and insurance behaviour. Considering the data are such that there are observations for households over three time periods, the study exploits the time series and cross-section dimension of the data by using panel data estimation. Findings – The empirical results of the study show that financial inclusion, irrespective of how it is measured, has exerted positive and statistically significant effects on agricultural productivity in Nigeria. Originality/value – While considerable research has been conducted to examine how finance affects broad macroeconomic aggregates, little is known about the effects of finance at the household and individual level. It is important to explicitly account for financial inclusion when examining the effects of finance on individuals and households. This study improves on existing research and offers new insights into the effects of financial inclusion on the economic activities of agricultural households in Nigeria.https://www.emerald.com/insight/content/doi/10.1108/JED-11-2019-0059/full/pdf?title=the-effects-of-financial-inclusion-on-agricultural-productivity-in-nigeriafinancial inclusionagricultural productivitynigeriaafricahouseholds in agriculturepovertyq12q14g0o55 |
| spellingShingle | Babajide Fowowe The effects of financial inclusion on agricultural productivity in Nigeria Journal of Economics and Development financial inclusion agricultural productivity nigeria africa households in agriculture poverty q12 q14 g0 o55 |
| title | The effects of financial inclusion on agricultural productivity in Nigeria |
| title_full | The effects of financial inclusion on agricultural productivity in Nigeria |
| title_fullStr | The effects of financial inclusion on agricultural productivity in Nigeria |
| title_full_unstemmed | The effects of financial inclusion on agricultural productivity in Nigeria |
| title_short | The effects of financial inclusion on agricultural productivity in Nigeria |
| title_sort | effects of financial inclusion on agricultural productivity in nigeria |
| topic | financial inclusion agricultural productivity nigeria africa households in agriculture poverty q12 q14 g0 o55 |
| url | https://www.emerald.com/insight/content/doi/10.1108/JED-11-2019-0059/full/pdf?title=the-effects-of-financial-inclusion-on-agricultural-productivity-in-nigeria |
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