<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper presents a discussion on the theoretical and conceptual framework on issues relating to access to financial services. The discussion begins by providing details of various theories that underpin the demand and supply side of access to financial services. The supply dimension of access to financial services is guided by the information asymmetry theory and the transaction cost theory, while the key demand dimension theories are the delegated monitoring theory and the rational choice theory. In the later sections, a conceptual framework was developed for the empirical evaluation of access to financial services and its impact on productivity with particular reference to farmers in emerging economies. The last section provides the concluding remarks, which recommends the use of empirical analyses to access factors influencing access and the impact of the access to farmers’ productivity.</p></abstract>

This paper presents a discussion on the theoretical and conceptual framework on issues relating to access to financial services. The discussion begins by providing details of various theories that underpin the demand and supply side of access to financial services. The supply dimension of access to financial services is guided by the information asymmetry theory and the transaction cost theory, while the key demand dimension theories are the delegated monitoring theory and the rational choice theory. In the later sections, a conceptual framework was developed for the empirical evaluation of access to financial services and its impact on productivity with particular reference to farmers in emerging economies. The last section provides the concluding remarks, which recommends the use of empirical analyses to access factors influencing access and the impact of the access to farmers’ productivity.

Theoretical and Conceptual Framework of Access to Financial Services by Farmers in Emerging Economies: Implication for Empirical Analysis

Department of Agricultural Economics, Agribusiness and Extension

Kwame Nkrumah University of Science and Technology College of Agriculture and Natural Resources

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper presents a discussion on the theoretical and conceptual framework on issues relating to access to financial services. The discussion begins by...

Theoretical and Conceptual Framework of Access to Financial Services by Farmers in Emerging Economies: Implication for Empirical Analysis

Published Online: Mar 04, 2019

Page range: 43 - 59

DOI: https://doi.org/10.1515/auseb-2018-0003

Keywords
financial services, savings, credit, developing economies, farmers

© 2018 Dadson Awunyo-Vitor, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Theoretical and Conceptual Framework of Access to Financial Services by Farmers in Emerging Economies: Implication for Empirical Analysis

Published Online: Mar 04, 2019

Page range: 43 - 59

DOI: https://doi.org/10.1515/auseb-2018-0003

Keywordsfinancial services, savings, credit, developing economies, farmers

© 2018 Dadson Awunyo-Vitor, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
financial services, savings, credit, developing economies, farmers