Access to finance and agricultural exports: A look into the top 10 exporting countries in Africa

Author(s)

Prince Asare Vitenu-Sackey , Huang Qifa , Maxwell Nti ,

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Volume 8 - August 2019 (08)

Abstract

The study assessed the impact of access to finance on agricultural exports in the top 10 exporting countries in Africa for the period 1996 to 2017. The study used panel data methodologies such panel ordinary least square, panel generalized linear model and dynamic panel data estimation using GMM two-step method to analyze the data and make statistical robustness inference. From the results, it was found that access to finance increases agricultural exports in Africa considering the easily accessible and convenient process devoid of corruption and the implementation of high quality regulations. Moreover, it was found that political stability contributes immensely to the growth of agricultural exports hence it is imperative for governments to create peaceful and sound environment for the production and export of agricultural products to earn foreign currencies

Keywords

Access to finance; Agricultural exports; Dynamic panel data; generalized linear model; ordinary least square

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