Theoretical and Conceptual Framework of Access to Financial Services by Farmers in Emerging Economies: Implication for Empirical Analysis

Chandio A. A.; Jiang Y., Gessesse A. T.; Dunya R. (2017). The nexus of agricultural credit, farm size and technical efficiency in Sindh, Pakistan: A stochastic production frontier approach. Journal of the Saudi Society of Agricultural Sciences. https://doi.org/10.1016/j.jssas.2017.11.001.10.1016/j.jssas.2017.11.001Open DOISearch in Google Scholar

Abdallah, A.-H. (2016). Agricultural credit and technical efficiency in Ghana: Is there a nexus? Agric. Finance Rev. 76(2): 309–324.Search in Google Scholar

Addaeh, K. (1989). An introduction to the law of rural banking in Ghana. Amantah Publication. 10–25.Search in Google Scholar

Asante, B.; Wiredu, A.; Martey, E.; Sarpong, D.; Mensah-Bonsu, A. (2014). NERICA adoption and impacts on technical efficiency of rice producing households in Ghana: Implications for research and development. Am. J. Exp. Agric. 4(3): 244–268.Search in Google Scholar

Awunyo-Vitor, D. (2011). Determinant of farmers’ access to financial services and its impact on productivity. PhD thesis submitted to the Department of Agricultural Economics and Agribusiness, University of Ghana, Legon Accra, Ghana.Search in Google Scholar

Awunyo-Vitor, D.; Al-Hassan, R.; Sarpong, D. B. (2014). Impact of formal financial market participation on farm size and expenditure on variable farm inputs: The case of maize farmers in Ghana. ISRN Economics. DOI: org/10.1155/2014/329674.10.1155/2014/329674Open DOISearch in Google Scholar

Awunyo-Vitor, D.; Al-Hassan, R. M. (2014a). Credit constraints and smallholder maize production in Ghana. Int. J. Agricultural Resources, Governance and Ecology 10(3): 239–256.10.1504/IJARGE.2014.064007Search in Google Scholar

Awunyo-Vitor, D.; Al-Hassan, R. M. (2014b). Drivers of demand for formal financial services by farmers in Ghana. International Journal of Agriculture and Forestry 4(4): 261–268. DOI: 10.5923/j.ijaf.20140404.01.10.5923/j.ijaf.20140404.01Open DOISearch in Google Scholar

Awunyo-Vitor, D.; Al-Hassan, R. M.; Sarpong, D. B.; Egyir, I. (2014). Agricultural credit rationing in Ghana: What do formal lenders look for? Agricultural Finance Review 74(3): 264–278.10.1108/AFR-01-2013-0004Search in Google Scholar

Bashir, M. K.; Yasir, M.; Sarfraz, H. (2010). Impact of agricultural credit on the productivity of wheat crops: Evidence from Lahore, Punjab, Pakistan. Pakistan Journal of Agricultural Science 47(4): 405–409.Search in Google Scholar

Beck, T.; de la Torre, A. (2006). The basic analytics of access to financial services. Mimeo: https://doi.org/10.1111/j.1468-0416.2007.00120.x.10.1111/j.1468-0416.2007.00120.xOpen DOISearch in Google Scholar

Bee, K. F. (2007). Rural financial market in Tanzania: An analysis of access to financial services in Babati District, Manyara Region. PhD Thesis, University of South Africa.Search in Google Scholar

Bendig, M.; Giesbert, L.; Steiner, S. (2009). Savings, credit and insurance: household demand for formal financial services in rural Ghana. GIGA Working Paper 94.Search in Google Scholar

Benston, G. J.; Smith, C. W. (1976). A transaction cost approach to the theory of financial intermediation. The Journal of Finance 31(2): 215–231.Search in Google Scholar

Berger, A. N.; Hassan, I.; Klapper, L. F. (2004). Further evidence on the link between finance and growth: An international analysis of community banking and economic performance. Journal of Financial Services Research 45(3): 169–202.Search in Google Scholar

Boucher, S.; Carter, M.; Guirkinger, C. (2007). Risk rationing and activity choice. Working Paper 05–010, Department of Agricultural and Resource Economics. University of California–Davis.Search in Google Scholar

Carter, M. R. (1989). The impact of credit on peasant productivity and differentiation in Nicaragua. Journal of Development Economics 31(1): 13–36.Search in Google Scholar

Chen, C. K.; Chivakul, M. (2008). What drives household borrowing and credit constraints? Evidence from Bosnia Herzegovina, IMF Working Paper 08 (202).10.5089/9781451870602.001Search in Google Scholar

Coase, R. H. (1937). The nature of the firm. Economica 4(16): 386–405.Search in Google Scholar

Coelli, T. J.; Battese, G. E. (1996). Identification of factors which influence the technical inefficiency of Indian farmers. Aust. J. Agric. Resour. Econ. 40(2): 103–128.Search in Google Scholar

Dawson, P. J. (2003). Financial development and growth in economies in transition. Applied Economics Letters 10(13): 833–836.Search in Google Scholar

Demsetz, H. (1967). Toward a theory of property rights. American Economic Review 57(2): 347–359.Search in Google Scholar

Department for International Development (2004). The importance of financial sector development for growth and poverty reduction. Policy Division Working Paper No PD 030.Search in Google Scholar

Diamond, D. (1984). Financial intermediation and delegated monitoring. Review of Economic Studies 51(3): 393–414.Search in Google Scholar

Diamond, D. W.; Dybvig, P. (1983). Bank runs, deposit insurance, and liquidity. Journal of Political Economy 91(3): 401–419.Search in Google Scholar

Duy, V. Q. (2015). Access to credit and rice production efficiency of rural households in the Mekong Delta. Sociology and Anthropology 3(9): 425–433.Search in Google Scholar

Feder, G.; Lau, L. J.; Lin, J. Y.; Luo, X. (1990). The relationship between credit and productivity in Chinese agriculture: A micro-economic model of disequilibrium. American Journal of Agricultural Economics 72(5): 1151–1157.Search in Google Scholar

Ghosh, P.; Mookherjee, D.; Ray, D. (1999). Credit rationing in developing countries. An overview of the theory. A Reader in Development Economics, London: Blackwell.Search in Google Scholar

Hazell, P.; Poulton, C.; Wiggins, S.; Dorward, A. (2007). The future of small farms for poverty reduction and growth. International Food Policy Research Institute.Search in Google Scholar

Hoff, K.; Stiglitz, J. E. (1990). Imperfect information and rural credit markets – Puzzles and policy perspectives. World Bank Economic Review 4(3): 235–250.Search in Google Scholar

Hulme, D.; Mosley, P. (1996). Finance against poverty. Vol. I. Routledge, London.Search in Google Scholar

Hussain, A. (2012). Impact of credit disbursement, area under cultivation, fertilizer consumption and water availability on rice production in Pakistan (1988–2010). Sarhad J. Agric. 28(1): 95–101.Search in Google Scholar

Institute of Statistical, Social and Economic Research. (2008). The state of the Ghanaian economy in 2007. University of Ghana. 28: 128–130.Search in Google Scholar

Khalid Bashir, M.; Mehmood, Y. (2010). Institutional credit and rice productivity: A case study of District Lahore, Pakistan. China Agric. Econ. Rev. 2(4): 412–419.Search in Google Scholar

Laha, A. (2013). Technical efficiency in agricultural production and access to credit in West Bengal, India: A stochastic frontier approach. Int. J. Food Agric. Econ. 1(2): 53–64.Search in Google Scholar

Leland, H. E.; Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation. Journal of Finance 32(2): 371–387.Search in Google Scholar

Levine, R. (2004, September). Finance and growth: Theory and evidence. NBER Working Paper No. 10766.10.3386/w10766Search in Google Scholar

Martey, E.; Wiredu, A. N.; Etwire, P. M. (2015). Impact of credit on technical efficiency of maize producing households in Northern Ghana. Selected Paper presented at the Centre for the Study of African Economies (CSAE) Conference. 22–24.Search in Google Scholar

Masuku, M. B.; Raufu, M., Malinga, N. G. (2015). The impact of credit on technical efficiency among vegetable farmers in Swaziland. Sustain. Agric. Res. 4(1): 114.Search in Google Scholar

Moses, J.; Adebayo, E. (2007). Efficiency of factors determining rain-fed rice production in Ganye Local Government Area, Adamawa State. J. Sustain. Dev. Agric. Environ. 3(2) 20–30.Search in Google Scholar

North, D.; Thomas, R. (1973). The rise of the Western world: A new economic history. Cambridge: Cambridge University Press.10.1017/CBO9780511819438Search in Google Scholar

Petrick, M. (2005). Empirical measurement of credit rationing in agriculture: A methodological survey. Agricultural Economics 33(2): 191–203.Search in Google Scholar

Ricardo, D. (1815). The influence of a low price of corn on the profits of stock. Sraffa, vol. IV.Search in Google Scholar

Scholtens, B.; Wensveen, D. M. N. (2003). A critique on the theory of financial intermediation. Journal of Banking and Finance 24(8): 1243–1251.Search in Google Scholar

Scumpter, J. A. (1934). Theory of Economic Development. Cambridge, MA: Harvard University Press, USA.Search in Google Scholar

Shahidur, R.; Khandker, R. S. (2003). Micro-finance and poverty: Evidence using panel data from Bangladesh. Work Bank Policy Research Working Paper No. 2945.Search in Google Scholar

Simtowe, F.; Zeller, M.; Phiri, A. (2006). The impact of access to credit on the adoption of hybrid maize in Malawi: An empirical test of an agricultural household model under credit market failure. MPR Paper No 45.Search in Google Scholar

Stijn, C. (2005). Access to financial services: A review of the issues and public policy objectives. World Bank Policy Research Working Paper No. 3589. Washington DC: World Bank.Search in Google Scholar

Wongnaa, C. A.; Awunyo-Vitor, D. (2013). Factors affecting loan repayment performance among yam farmers in the Sene District, Ghana. Agris On-Line Papers in Economics and Informatics V(2): 111–122.Search in Google Scholar

World Bank. (2007). World Development Report.Search in Google Scholar