Impact of Financial Resources on Agricultural Growth in Sub-Saharan Africa
Impact of Financial Resources on Agricultural Growth in Sub-Saharan Africa
Author(s): Ayine Nigo, Vincent GibogweSubject(s): Business Economy / Management, Agriculture, International relations/trade, Economic development, Socio-Economic Research
Published by: ASERS Publishing
Keywords: foreign direct investment; economic growth; absorptive capacity; human capital; market liberalization;
Summary/Abstract: This study contributes to the literature on financial efficiency and growth. We show that banking development exerts a statistically significant and positive impact on local economic growth. We use the ARDL method to find the impact of institutional financial quality on agriculture sector growth in 14 Sub-Saharan African countries from 1990 to 2020. Our results show that land, rural population, and per capita agricultural income growth have long-run and significant (at 1% level) causal effects on the magnitude of agricultural value added as a percentage of GDP.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XVIII/2023
- Issue No: 79
- Page Range: 50-56
- Page Count: 7
- Language: English