Access to Credit and the Impact of Credit constraints on Agricultural Productivity in Ethiopia: Evidence from Selected Zones of Rural Amhara
Year: 2015
Type: dissertation
Abstract: An overwhelming majority of the rural population in developing countries depends on agriculture for survival. Thus, agriculture is critical for both human welfare and economic growth in the developing world including Africa. Agriculture currently contributes 30%–50% of national incomes in sub-Saharan Africa and can generate considerably greater income and stimulate economic growth (MFW4A, 2012). In this region, roughly two-thirds of the population live in rural areas and are dependent on agriculture for their livelihoods; nearly half live in extreme poverty, earning less than $1/day; and one-third are undernourished. Therefore, the low performance of agriculture in Africa is critically at the heart of its food insecurity and slow economic growth. The policy brief produced by Making Finance Work for Africa (MFW4A) Task Force on Agricultural Finance (2011) reports that agriculture is, and will continue to be, a major building block in the economic success and the achievement of the Millennium Development Goals (MDGs) in most of Africa. Furthermore, agricultural production needs to increase by 70 percent by 2050 to feed the world, while climate change and urbanization will heavily reduce the area of cultivable land (MFW4A, 2012).
DOI: 10.20372/nadre/8439
Author: Dessie, Tilahun
Institution: Addis Ababa University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2617119321