COMMERCIAL BANK FINANCING AND DEVELOPMENT OF CROP PRODUCTION IN NIGERIA
Kamilu Adio Saka () and
Kehinde Banjo Aladelusi
Additional contact information
Kamilu Adio Saka: Department of Banking and Finance, The Federal Polytechnic, Ilaro.
Kehinde Banjo Aladelusi: Department of Banking and Finance, The Federal Polytechnic, Ilaro
Malaysian E Commerce Journal (MECJ), 2022, vol. 6, issue 1, 09-13
This study evaluates both short-run and long-run impacts of credit financing facilities provided by commercial banks on crop production development in Nigeria from 1981 to 2020. The study adopts ex post-facto research design and obtains data on the study variables from Central Bank of Nigeria Statistical Bulletin and World Bank Development Indicators. Autoregressive Distributed Lag (ARDL) model approach was employed as an estimation technique. The outcome of the analysis produces significant negative effect of commercial banks loans and advances on crop production development in the short run. In the long run, however, commercial banks loans and advances and labour employment in agriculture sector exert significant positive impact on crop production development in Nigeria. The researchers conclude that commercial banks credit financing significantly increase contribution of agriculture to Nigeria gross domestic product in the long-run while it reduces crop productivity in the short-run.
Keywords: Agriculture; Financing; Economy; Credit; ARDL Model (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://myecommerecejournal.com/wp-content/uploads ... /1mecj2022-09-13.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zib:zbmecj:v:6:y:2022:i:1:p:09-13
Access Statistics for this article
Malaysian E Commerce Journal (MECJ) is currently edited by Associate Prof. Dr. Xiao-Guang Yue
More articles in Malaysian E Commerce Journal (MECJ) from Zibeline International Publishing
Bibliographic data for series maintained by Zibeline International Publishing ().