How do financial inclusion and bank stability explain agricultural productivity in Sub-Saharan Africa?

IF 1.9 Q2 ECONOMICS

JOURNAL OF ECONOMIC STUDIES Pub Date : 2024-05-10 DOI:10.1108/jes-09-2023-0526

Isaac Kofi Bekoe, Joshua Abor, Samuel Sekyi

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引用次数: 0

Abstract

Purpose

This study aims to examine the impact of financial inclusion and bank stability on agricultural productivity in Sub-Saharan Africa (SSA).

Design/methodology/approach

The study used 38 countries in the SSA with data spanning between 2004 and 2021. The data were analyzed using the two-step system generalized method of moments (GMM) and the panel-corrected standard error (PCSE) model.

Findings

The study found a positive effect of financial inclusion and bank stability on agricultural productivity. The study also discovered that while the access component of financial inclusion has a negative influence on agricultural productivity, the usage dimension has a positive impact.

Research limitations/implications

The study suggests to policymakers that an inclusive and stable financial system improves agricultural productivity. The findings recommend that policymakers should empower farmers to leverage financial inclusion.

Originality/value

This study provides insightful discussion on the impact of financial inclusion and its various dimensions and bank stability on agricultural productivity in SSA.

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金融包容性和银行稳定性如何解释撒哈拉以南非洲的农业生产力？

目的本研究旨在探讨金融包容性和银行稳定性对撒哈拉以南非洲（SSA）农业生产率的影响。研究结果研究发现，金融包容性和银行稳定性对农业生产率有积极影响。研究还发现，虽然金融包容性的获取部分对农业生产率有负面影响，但使用维度却有积极影响。研究局限性/启示研究向政策制定者建议，包容性和稳定的金融体系可提高农业生产率。研究结果表明，政策制定者应增强农民利用普惠金融的能力。原创性/价值本研究深入探讨了普惠金融及其各个层面以及银行稳定性对撒哈拉以南非洲农业生产率的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

JOURNAL OF ECONOMIC STUDIES ECONOMICS-

CiteScore

4.00

自引率

5.90%

发文量

期刊介绍： The Journal of Economic Studies publishes high quality research findings and commentary on international developments in economics. The journal maintains a sound balance between economic theory and application at both the micro and the macro levels. Articles on economic issues between individual nations, emerging and evolving trading blocs are particularly welcomed. Contributors are encouraged to spell out the practical implications of their work for economists in government and industry