Purpose

Does financial inclusion matter for productivity among smallholder farmers? The authors answer this question by using the sixth and seventh rounds of the Ghana Living Standard Survey to examine the extent to which financial inclusion affects productivity among smallholder farmers in Ghana.

Design/methodology/approach

The study uses a pooled data of the 6th and 7th rounds of the Ghana Living Standard Survey which are national representative data. The authors model an Instrumental Variable (IV) to correct for endogeneity in financial inclusion and a dominance analysis to examine the effects of access to credit, ownership of savings account and insurance product on farmers' productivity.

Findings

Results from the study indicate that financial inclusion significantly enhances productivity. Moreover, credit, savings and insurance products influence productivity at various degrees. Thus, expanding the scope of financial services (access to credit, savings and insurance) among smallholder farmers is crucial for inclusive finance and sustainable agricultural production.

Practical implications

The findings of the study have implications for financial institutions in the design of financial products that the meet the needs of smallholder farmers.

Originality/value

Several studies have looked at how access to credit influences agricultural productivity in Africa. However, in recent times financial inclusion has been advocated for because it goes beyond mere access to credit. This paper to the best of our knowledge is the first of its kind to examine how financial inclusion could affect agricultural productivity in Ghana.

中文翻译：

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提高加纳小农的生产力：普惠金融重要吗？

目的

普惠金融对小农的生产力是否重要？作者通过使用加纳生活水平调查的第六轮和第七轮来研究普惠金融对加纳小农生产力的影响程度，从而回答了这个问题。

设计/方法/方法

该研究使用了加纳生活水平调查第 6 轮和第 7 轮的汇总数据，这些数据是具有全国代表性的数据。作者对工具变量 (IV) 进行建模以校正金融包容性的内生性，并通过优势分析来检查获得信贷、储蓄账户所有权和保险产品对农民生产力的影响。

发现

研究结果表明，普惠金融显着提高了生产力。此外，信贷、储蓄和保险产品在不同程度上影响生产力。因此，扩大小农的金融服务范围（获得信贷、储蓄和保险）对于普惠金融和可持续农业生产至关重要。

实际影响

研究结果对金融机构设计满足小农需求的金融产品具有重要意义。

原创性/价值

多项研究着眼于获得信贷如何影响非洲的农业生产力。然而，最近提倡金融包容性，因为它不仅仅是获得信贷。据我们所知，这篇论文是第一篇研究普惠金融如何影响加纳农业生产力的论文。