Does Institutional Finance Matter for Agriculture? Evidence Using Panel Data from Uganda

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dc.creatorKhandker, Shahidur R.
dc.creatorKoolwal, Gayatri B.
dc.date2014-06-30T16:49:41Z
dc.date2014-06-30T16:49:41Z
dc.date2014-06
dc.date.accessioned2026-07-01T00:35:27Z
dc.descriptionSmallholder agriculture in many developing countries has remained largely self-financed. However, improved productivity for attaining greater food security requires better access to institutional credit. Past efforts to extend institutional credit to smaller farmers has failed for several reasons, including subsidized operation of government-aided credit schemes. Thus, recent efforts to expand credit for smallholder agriculture that rely on innovative credit delivery schemes at market prices have received much policy interest. However, thus far the impacts of these efforts are not fully understood. This study examines credit for smallholder agriculture in the context of Uganda, where agriculture is about 35 percent of gross domestic product, most farmers are smallholders, and the country has introduced policies since 2005 to extend credit access to the sector. The analysis uses newly available household panel data from Uganda for 2005-2006 and 2009-2010 to examine (a) whether credit effectively targets agriculture, by examining determinants of borrowing across different sources; (b) agricultural and nonagricultural determinants of supply and demand credit constraints among non-borrowers; and (c) the effects of borrowing and credit constraints on household income, consumption, and agricultural outcomes. The analysis finds that although not many households report borrowing specifically for agriculture, credit is fungible and agricultural outcomes do substantially improve with institutional borrowing, particularly microcredit. Among non-borrowers, supply and demand credit constraints have fallen considerably over the period, particularly in rural areas. Access to institutions and infrastructure play a strong role in alleviating the negative effect of credit constraints on welfare outcomes, as well as determining the source of lending among borrowing households.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19705737/institutional-finance-matter-agriculture-evidence-using-panel-data-uganda
dc.identifierhttps://hdl.handle.net/10986/18827
dc.identifierhttps://doi.org/10.1596/1813-9450-6942
dc.identifier.urihttp://hdl.handle.net/123456789/406811
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 6942
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO INFORMATION
dc.subjectACCESS TO LENDERS
dc.subjectACCESSIBILITY
dc.subjectAGRICULTURAL ACTIVITY
dc.subjectAGRICULTURAL BANKS
dc.subjectAGRICULTURAL CREDIT
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL FINANCE
dc.subjectAGRICULTURAL MARKETS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBANK CREDIT
dc.subjectBANKS
dc.subjectBORROWING
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCONTRACTUAL RELATIONS
dc.subjectCOOPERATIVE CREDIT
dc.subjectCOOPERATIVE LENDING
dc.subjectCOOPERATIVES
dc.subjectCREDIT ACCESS
dc.subjectCREDIT CONSTRAINT
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT COOPERATIVE
dc.subjectCREDIT DELIVERY
dc.subjectCREDIT FACILITY
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKET ACCESS
dc.subjectCREDIT MARKETS
dc.subjectCREDIT PROGRAMS
dc.subjectCREDIT SCHEMES
dc.subjectDEBT
dc.subjectDEMAND FOR CREDIT
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISEQUILIBRIUM
dc.subjectDIVERSIFICATION
dc.subjectEARNINGS
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC RESEARCH
dc.subjectEMPLOYER
dc.subjectENDOWMENTS
dc.subjectENTREPRENEURS
dc.subjectETHNIC GROUPS
dc.subjectEXCLUSION
dc.subjectEXPENDITURE
dc.subjectFARM ENTERPRISES
dc.subjectFARMERS
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SERVICES
dc.subjectFORMAL BANKS
dc.subjectFORMAL FINANCE
dc.subjectFORMS OF CREDIT
dc.subjectGDP
dc.subjectGENDER
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOMEOWNERSHIP
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR SUPPLY
dc.subjectLACK OF ACCESS
dc.subjectLIMITED ACCESS
dc.subjectLINES OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOANS TO FARMERS
dc.subjectLOCAL FINANCIAL INSTITUTIONS
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMONEYLENDERS
dc.subjectMOTIVATION
dc.subjectPOINT-OF-SALE
dc.subjectPOLITICAL ECONOMY
dc.subjectPRODUCTION CREDIT
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectRURAL CREDIT
dc.subjectRURAL CREDIT COOPERATIVES
dc.subjectRURAL FINANCE
dc.subjectRURAL FINANCIAL SERVICES
dc.subjectSAVINGS
dc.subjectSELF-EMPLOYMENT
dc.subjectSMALLHOLDER
dc.subjectSMALLHOLDER AGRICULTURE
dc.subjectSMALLHOLDER FARMERS
dc.subjectSMALLHOLDERS
dc.subjectSMOOTHING CONSUMPTION
dc.subjectSOURCES OF INCOME
dc.subjectSUPPLY CHAINS
dc.subjectUNION
dc.subjectURBAN AREAS
dc.subjectVILLAGE
dc.subjectVILLAGES
dc.subjectWAGES
dc.titleDoes Institutional Finance Matter for Agriculture? Evidence Using Panel Data from Uganda

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