Access to Credit, Farm Productivity and Market Participation in Ghana: A Conditional Mixed Process Approach

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dc.contributor.author Alhassan, Hamdiyah
dc.contributor.author Musah Abu, Benjamin
dc.contributor.author Kwame Nkegbe, Paul
dc.date.accessioned 2021-04-16T19:36:57Z
dc.date.available 2021-04-16T19:36:57Z
dc.date.issued 2020-05
dc.description Journal Article full text: https://doi.org/10.1177/0973801020904490 en_US
dc.description.abstract This study tests the hypothesis of whether credit impacts productivity, and whether productivity in turn impacts market participation under a simultaneous modelling framework of credit, productivity and market participation, which has not been pursued in the literature. Using data from the Ghana Living Standards Survey Round 6, we applied a conditional mixed process estimation technique to correct for selectivity bias and unobserved endogeneity. We find that credit positively impacts productivity, which in turn positively impacts market participation. Furthermore, other determinants such as roads, public transport, radio and phone, and compliance with extension advice positively influence productivity while availability of markets and multiple cropping in a season increase the decision to sell maize. These findings imply that the transmission mechanism to transform the subsistence nature of Ghanaian agriculture into a sector characterized by commercial agriculture is to enhance access to credit, which in turn would stimulate productivity, which in turn would enhance market engagement. en_US
dc.publisher Margin: The Journal of Applied Economic Research en_US
dc.subject Access to Credit, Productivity, Market Participation, Conditional Mixed Process, Ghana en_US
dc.title Access to Credit, Farm Productivity and Market Participation in Ghana: A Conditional Mixed Process Approach en_US
dc.type Article en_US

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