Dynamics of financial inclusion and agricultural development in WAEMU countries

Authors

  • Malick TOURE Unuversité Alioune Diop
  • Oumar SOW Ecole Nationale Supérieure d’Agriculture (ENSA) – Université Iba Der Thiam de Thiès (UIDT), Sénéga
  • Ibrahima THIAM

DOI:

https://doi.org/10.59051/joaf.v14i2.688

Keywords:

WAEMU - Financial inclusion - Agricultural development - Agricultural productivity index - GMM system estimator

Abstract

Purpose: This article analyzes the impact of financial inclusion on agricultural development in WAEMU countries. 

Methodology: It is based on econometric estimations on a sample of eight (08) countries (UEMOA) over the period 2000 - 2020, using the GMM system approach of Blundell and Bond (1998).

Results: The estimation results show that financial inclusion through the use of microfinance services positively affects agricultural development. However, the use of banking services has no significant effect on agricultural development.

Originality: The article reinforces the literature on the relationship between financial inclusion and agricultural development in the WAEMU. Indeed, there is virtually no work on the effects of financial inclusion on agricultural development, using the agricultural production index as a proxy. The article recommends that decision-makers put in place mechanisms to accompany the liberalization of financial services and strengthen accessible and functional guarantee funds to facilitate farmers' access to credit.

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References

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Published

2023-12-30

How to Cite

TOURE, M., SOW, O., & THIAM, I. (2023). Dynamics of financial inclusion and agricultural development in WAEMU countries. Journal of Academic Finance, 14(2), 33–49. https://doi.org/10.59051/joaf.v14i2.688

Issue

Vol. 14 No. 2 (2023): Fall 2023

Section

Articles

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Copyright (c) 2023 MALICK TOURE, Oumar SOW, THIAM Ibrahima

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