Loan syndication and cocoa production: Evidence from Ghana

IF 0.4 Q4 AGRICULTURAL ECONOMICS & POLICY

African Journal of Agricultural and Resource Economics-AFJARE Pub Date : 2022-06-30 DOI:10.53936/afjare.2022.17(2).10

James Ntiamoah Doku, Raymond K. Dziwornu, R. Agbanyo, Joyce Owusuaa Awuletey

引用次数: 0

Abstract

The syndication of loansis an innovative financing model that has emerged in the financial landscape to help lenders spread risk and share opportunities. This study examines the relationship between syndicated loans and cocoa production in Ghana, using annual time-series data spanning from 1993 to 2020, as well as the autoregressive distributed lag model (ARDL). The study found a positive and significant short-run and long-run relationship between syndicated loans and cocoa production. Specifically, a 1% increase in the amount of syndicated loans increases cocoa production by 0.25% in the long run. The Ghana Cocoa Board should ensure efficient utilisation of syndicated loans by investing in productivity-enhancing programmes to boost cocoa production.

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银团贷款和可可生产:来自加纳的证据

银团贷款是金融领域出现的一种创新融资模式，旨在帮助贷款人分散风险和分享机会。本研究利用1993年至2020年的年度时间序列数据以及自回归分布滞后模型(ARDL)，考察了加纳银团贷款与可可产量之间的关系。研究发现，银团贷款与可可产量之间存在显著的短期和长期正相关关系。具体来说，从长远来看，银团贷款每增加1%，可可产量就会增加0.25%。加纳可可委员会应通过投资于提高生产力的项目来提高可可产量，从而确保银团贷款的有效利用。

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

African Journal of Agricultural and Resource Economics-AFJARE AGRICULTURAL ECONOMICS & POLICY-

CiteScore

1.20

自引率

16.70%

发文量

期刊介绍： The African Journal of Agricultural and Resource Economics (AfJARE)/Journal Africain d’Economie Agricole et des Ressources (JAEAR) is a publication of the African Association of Agricultural Economists (AAAE). The journal publishes original research about how African agriculture interacts with local and global economic systems and policy regimes in its impacts upon people. The scope of the journal covers the roles of markets, technology, policy, institutions and the natural environment in shaping the lives of well being of Africans engaged in agricultural activities. The journal strives to nurture and enhance the capacity of African professionals to conduct and publish scientific research and provides a venue for communicating and disseminating their findings. Multi-disciplinary, problem-oriented articles are encouraged. Submissions may deal with teaching, research extension, consulting, advising, entrepreneurship and administration. The Chief Editors and Editorial Board, under the general direction of the AAAE President, Executive Committee and Council are charged with implementing Journal policy to serve members of AAAE. The main section of the journal publishes technical research articles while a small section is devoted to publishing brief notes with important policy content and book reviews. The journal is a quarterly publication.