Rural Farm Household Saving Habit in Ethiopia: Evidence from South West Amhara Growth Corridor

Fentahun Addis (), Belainew Belete () and Melaku Bogale ()
Authors registered in the RePEc Author Service: Belainew Belete YALEW ()

Academic Journal of Economic Studies, 2019, vol. 5, issue 3, 112-119

Abstract: This study explores farm household saving habit. Data used was drowning from 420 farm households in Amhara national regional state of Ethiopia. Order probit model was used to explore the determinants of farm household saving habit. Model result show that education, land size, saving account, community based health insurance, number of formal financial institution nearby increae likelihood of the household’s good saving habit formation while aid, festive expenditure and credit access were likely reduce households’ good saving habit. We suggest intervention to reduce funereal spending, expanding community based health insurance and incresing financial inclusion are required to build and scale up good saving habit formation of rural farm households.

Keywords: Saving habit; farm household; order probit; Ethiopia (search for similar items in EconPapers)
JEL-codes: C21 D14 E21 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:5:y:2019:i:3:p:112-119

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