Journal
EMERGING MARKETS FINANCE AND TRADE
Volume 57, Issue 12, Pages 3320-3336Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/1540496X.2019.1602038
Keywords
Agricultural credit; impact analysis; productivity
Categories
Funding
- African Economic Research Consortium (AERC) grant [RC16513]
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The study examines the impact of agricultural credit on maize, sorghum and paddy rice productivity in Togo, finding that the type of credit has varying effects on different crops. In-kind credit has a positive impact on maize and sorghum productivity, while cash credit has mixed effects on different crops.
The objective of this study is to analyze the impact of agricultural credit on maize, sorghum and paddy rice productivity in Togo. The results reveal that credit has a positive and significant impact on these productivities. This general result varies depending on the type of credit, however. In kind credit has a positive and significant impact on maize and sorghum productivity, but no significant impact on paddy rice productivity. In contrast, the impacts on productivity of credit in hard cash are negative with respect to maize, positive with respect to sorghum, and not significant with respect to paddy rice.
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