Impact Of Microfinance Credit On Agricultural Productivity
The study examines the impact of micro-finance credit on the productivity of the agricultural sector from the period 1989-2019 using an annually time series data. Augmented Dickey Fuller was used to test for unit root, Johansen co-integration was used to obtain the order or stationary among variables, Ordinary Least Square Regression was use to investigate the linkage of these variables. The co-integration test confirms that there is no long run relationship between agricultural productivity and the variables of interest. The estimated result shows that there is a significant relationship between agricultural productivity and interest rate during the period of study. Also the result shows that there is no significant relationship between agricultural productivity and exchange rate. It was therefore recommended that Nigerian economy should respond to poverty alleviation with the use of microfinance credit. Government should ensure stern regulation on importation of agricultural products. Local farmers should be encouraged to drive by protecting them from external competition. Government should put forth policies that will promote good lending environment for agricultural related investments.
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Title page
Certification
Dedication
Acknowledgement
Dedication
Table of Content
Abstract
CHAPTER ONE:
INTRODUCTION
1.1 Background to the study
1.2 Statement of the Problem
1.3 Objective to the Study
1.4 Research Questions
1.5 Research Hypotheses
1.6 Significance of Study
1.7 Method of Data Analysis
1.8 Scope and Limitation of the Study
1.9 Organization of the study
CHAPTER TWO:
LITERATURE REVIEW
2.1 Conceptual Issues
2.1.1 Risk and Uncertainty
2.1.2 Need for Increased Agricultural Productivity
2.1.3 Impact of Credit on Productivity
2.1.4 Access to Credit and Agricultural Productivity
2.1.5 Brief overview of the agricultural finance schemes in Nigeria
2.1.6 Agricultural Credit Guarantee Scheme Fund (ACGSF)
2.1.7 Small and Medium Enterprises Equity Investment Scheme (SMEEIS), 2001.
2.1.8 Refinancing and Rediscounting Facility (RRF), 2002 to Date.
2.1.9 Agricultural Credit Support Scheme (ACSS), 2006 till Date.
2.1.10 Large Scale Agricultural Credit Scheme (LASACS), 2009.
2.1.11 Supervised Agricultural Loans Board.
2.2 Theoretical Framework
2.2.1 Demand and Supply Theory
2.2.2 Agency Theory
2.3 Empirical Review
2.4 Summary of the Review
CHAPTER THREE:
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Sources of Data Collection
3.4 Estimation Technique
3.5 Model Specification
3.6 A priori expectations
3.7 Unit Root Test
CHAPTER FOUR:
DATA PRESENTATION AND INTERPRETATION
4.1 Results
4.1.1 Graphical Representations
4.1.2 Descriptive Statistics
4.1.3 Unit Root Test
4.1.4 Johansen Cointegration Test
4.1.5 OLS Regression Results
4.2 Diagnostic Test
4.2.1 Heteroskedasticity Test: Harvey
4.2.2 Normality Test
4.2.3 Granger Causality Test
4.3 Discussion of Findings
CHAPTER FIVE:
SUMMARY OF FINDINGS AND CONCLUSION
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
REFERENCE
APPENDIXES
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