Effect of Financial Inclusion on On-Farm Labour Force Productivity and Employment

Type Book Section - Financial Inclusion and Sustainable Rural Development. Sustainable Development Goals Series
Title Effect of Financial Inclusion on On-Farm Labour Force Productivity and Employment
Author(s)
Publication (Day/Month/Year) 2024
Page numbers 281-308
Publisher Palgrave Macmillan
City Singapore
URL https://doi.org/10.1007/978-981-97-6132-6_12
Abstract
In this chapter, we examine the impact of financial inclusion on on-farm labour force productivity and employment using data extracted from the Ghana Socioeconomic Panel Survey. Using a multidimensional index of financial inclusion, we find that financial inclusion is associated with an increase in on-farm labour force productivity and employment among rural households. This result is robust to alternative ways of measuring on-farm labour force productivity and employment, financial inclusion cut-offs and estimation strategies. We identify household income and on-farm asset accumulation as important pathways through which financial inclusion influences on-farm labour force productivity and employment.

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