Impact of Financial Resources on Agricultural Growth in Sub-Saharan Africa

Article DOI: https://doi.org/10.57017/jaes.v18.1(79).06

Author(s):

Ayine NIGO School of Organisations, Economy and Society, Westminster Business School , University of Westminster, UK
Vincent GIBOGWE School of Organisations, Economy and Society, Westminster Business School , University of Westminster, UK

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.

Copyright© 2023 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.

How to cite:

Nigo, A., Gibogwe, V. 2023. Impact of Financial Resources on Agricultural Growth in Sub-Saharan Africa. Journal of Applied Economic Sciences, Volume XVIII, Spring, 1(79), 50-56. https://doi.org/10.57017/jaes.v18.1(79).06

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