Impact of financial resources on agricultural growth in Sub-Saharan Africa

Ayine Nigo and Vincent Gibogwe

MPRA Paper from University Library of Munich, Germany

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.

Keywords: foreign direct investment; economic growth; absorptive capacity; human capital; market liberalization (search for similar items in EconPapers)
JEL-codes: F36 F63 G21 O15 O19 O47 O55 (search for similar items in EconPapers)
Date: 2023-01-23, Revised 2023-02-15
New Economics Papers: this item is included in nep-afr, nep-agr, nep-ban, nep-fdg and nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116397

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