The Impact of Credit Policies on Crop Output in Nigeria

Öz

Abstract: The relationship between crop production index and credit policy variables in Nigeria was investigated in this research. The presence of co-integration among series was established using the autoregressive distributed lag (ARDL) bound test. The short and long run models estimated were stable, best quality, efficient, and unbiased. The empirical results showed that the commercial bank total credit to the agricultural sector and agricultural credit guarantee scheme fund loan to the crop sub-sector have a significant positive impact on crop production index in both the long and short run. In the short run, the crop production index shows a notable negative correlation with both the lending interest rate and the total domestic credit to the private sector. The need to increase the total credit to the agricultural sector and scale up the agricultural credit guarantee scheme fund loan to the crop sub-sector is justified by the findings. To attract domestic private investment in the crop sub-sector, it is crucial to offer strategic incentives peculiar to the subsector. Additionally, it is highly recommended to periodically decrease the lending interest rate in order to enhance farmers' access to farm credit in the country.

Anahtar Kelimeler

• crop
• credit
• output
• agricultural policies
• Nigeria

Nijerya'da Kredi Politikalarının Mahsul Üretimi Üzerindeki Etkisi

Öz

Bu araştırmada Nijerya'da bitkisel üretim endeksi ile kredi politikası değişkenleri arasındaki ilişkiler araştırılmıştır. Seriler arasında eşbütünleşmenin varlığı otoregresif dağıtılmış gecikme (ARDL) sınır testi kullanılarak belirlendi. Tahmin edilen kısa ve uzun vadeli modeller bir araya geldi, en kaliteli, verimli ve kapsamlıydı. Ampirik kredi sonuçları, tarım sektörünün verilen ticari banka toplam kredisinin ve alt mahsul ticaretinin izniyle yönetim garanti planı fon kredisinin hem uzun hem de kısa süreli bitkisel üretim rejimi üzerinde önemli bir pozitif olayların gösterildiğini göstermektedir. Kısa kredi harcaması, bitkisel üretim rejimi hem borç verme faiz oranı hem de özel sektöre verilen toplam yurt içi ile kayıt değeri bir negatif gelişme göstermektedir. Tarım sektörünün verdiği toplam kredinin kurulumu ve kredi yönetimi garanti planı fonu kredisinin ürün alt sektörünün genişletilmesi pazarları ile doğrulanmaktadır. Mahsul alt sektöre yerli özel yatırımı çekebilmek için alt sektöre özgü desteklerin yapılmasını büyük önemsemek. Ayrıca ülkelerdeki çiftçilerin tarım kredisine erişiminin arttırılması amacıyla kredi faiz oranlarının belirli aralıklarla azaltılması önemle tavsiye edilmektedir.

Anahtar Kelimeler

• Mahsul
• Kredi
• Çıktı
• Tarım Politikası
• Nijerya

Kaynakça

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