Finance and Hunger : Empirical Evidence of the Agricultural Productivity Channel

dc.creatorClaessens, Stijn
dc.creatorFeijen, Erik
dc.date2012-06-22T19:25:12Z
dc.date2012-06-22T19:25:12Z
dc.date2006-12
dc.date.accessioned2026-07-01T00:36:12Z
dc.descriptionUsing cross-country and panel regressions, the authors show that financial sector development significantly reduces undernourishment (hunger), largely through gaining farmers and others access to productivity-enhancing equipment, translating into beneficial income and general effects. They show specifically that a deeper financial sector leads to higher agricultural productivity, including higher cereal yields, through increased fertilizer and tractor use. Higher productivity in turn leads to lower undernourishment. The results are robust to various specifications and econometric tests and imply that a 1 percentage point increase in private credit to GDP reduces undernourishment by 0.22-2.45 percentage points, or about one-quarter the impact of GDP per capita.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2006/12/7245909/finance-hunger-empirical-evidence-agricultural-productivity-channel
dc.identifierhttps://hdl.handle.net/10986/8832
dc.identifierhttps://doi.org/10.1596/1813-9450-4080
dc.identifier.urihttp://hdl.handle.net/123456789/407111
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 4080
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGGREGATE LEVEL
dc.subjectAGGREGATE MEASURE
dc.subjectAGRICULTURAL EMPLOYMENT
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTIVITY
dc.subjectAGRICULTURAL PRODUCTIVITY GROWTH
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURAL WORKERS
dc.subjectAGRICULTURAL YIELDS
dc.subjectAGRICULTURE
dc.subjectARABLE LAND
dc.subjectAVERAGE LEVEL
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBENCHMARK
dc.subjectBUSINESS CYCLE
dc.subjectCALORIES PER PERSON
dc.subjectCALORIES PER PERSON PER DAY
dc.subjectCENTRAL BANK
dc.subjectCONSUMPTION LEVELS
dc.subjectCONSUMPTION SMOOTHING
dc.subjectCOUNTRY CHARACTERISTICS
dc.subjectCOUNTRY LEVEL
dc.subjectCROP PRODUCTION
dc.subjectCROP YIELDS
dc.subjectCROSS-COUNTRY DIFFERENCES
dc.subjectDEPENDENT VARIABLE
dc.subjectDESCRIPTIVE STATISTICS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDROUGHT
dc.subjectECONOMETRIC MODEL
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESULTS
dc.subjectEMPIRICAL WORK
dc.subjectESTIMATION TECHNIQUES
dc.subjectEXPORTS
dc.subjectEXTREME POVERTY
dc.subjectFARMERS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED EFFECTS
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD INTAKE
dc.subjectFOOD OUTPUT
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTION
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROWTH INCREASE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH INEQUALITY
dc.subjectHOUSEHOLD INCOME
dc.subjectIMPACT ON POVERTY
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVEL
dc.subjectINCOME POVERTY
dc.subjectINCOMES
dc.subjectINCREASES GROWTH
dc.subjectINDEPENDENT VARIABLE
dc.subjectINDICATORS OF POVERTY
dc.subjectINEQUALITY
dc.subjectINEQUALITY COEFFICIENT
dc.subjectINEQUALITY REDUCTION
dc.subjectINSURANCE
dc.subjectLIVESTOCK PRODUCTION
dc.subjectMALNUTRITION
dc.subjectMEAT
dc.subjectMICRO-FINANCE
dc.subjectNEGATIVE EFFECT
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE SIGN
dc.subjectPANEL REGRESSIONS
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY RESEARCH
dc.subjectPOOR
dc.subjectPOOR COUNTRIES
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOVERTY GAP
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITY
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC SECTOR
dc.subjectPURCHASING POWER
dc.subjectREDUCED INEQUALITY
dc.subjectREDUCING POVERTY
dc.subjectREDUCTION IN POVERTY
dc.subjectREGRESSION RESULTS
dc.subjectRELATIVE PRICES
dc.subjectRICH COUNTRIES
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL POPULATION
dc.subjectSAVINGS
dc.subjectSHEEP
dc.subjectSIGNIFICANCE LEVEL
dc.subjectSIGNIFICANT EFFECT
dc.subjectSIGNIFICANT REDUCTION
dc.subjectSTANDARD DEVIATION
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectTRADE OPENNESS
dc.subjectVALUE ADDED
dc.subjectWORLD INEQUALITY
dc.titleFinance and Hunger : Empirical Evidence of the Agricultural Productivity Channel

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