Effect of credit supply constraint on labour productivity in Sub-Saharan Africa

Kwame Acheampong

African Journal of Economic and Sustainable Development, 2019, vol. 7, issue 2, 161-184

Abstract: This paper investigates the effect of credit supply constraint of risk on labour productivity in 33 Sub-Saharan Africa (SSA) countries spanning 1990-2013. It estimates the long run effect of credit supply constraints on labour productivity using the pooled mean group (PMG) estimator. The results revealed that a reduction in both actual and expected risk premiums increased labour productivity in SSA. The findings suggest that in order to relax the credit supply constraints with the intent to improving labour productivity, domestic interest rate should account for changes in foreign interest rate to enhance the needed capital inflows.

Keywords: productivity; credit; risk; interest-rate. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=103554 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ajesde:v:7:y:2019:i:2:p:161-184

Access Statistics for this article

More articles in African Journal of Economic and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().