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Financial literacy of rural population as a determinant of saving behaviour in Kazakhstan
2017
Gaisina, S., Hochschule Stralsund (Germany). Business School | Kaidarova, L., Innovative Eurasian Univ., Pavlodar (Kazakhstan). Faculty of Economics
In rural Kazakhstan, the credit and insurance services are limited and the state support is weak. The main goal of this study is to contribute to the literature on financial literacy in emerging economies, namely, the effect of financial literacy on saving rates of rural population. Being well educated not always means to be financial literate and make efficient decisions regarding one’s own finance. People with a lower formal education level but with better experience in consuming financial products could be better prepared for making financial decisions including those related to savings. In this paper other socio-economic determinants of saving rates were taken into account, such as an income level, family size and an employment status. This research was carried out in Pavlodar region of Kazakhstan, and the data collection took place in spring 2014. In total, 405 households were surveyed. Results of the analysis show that if a respondent gives at least one correct answer, it positively affects the saving rates as well as one can observe that the higher the financial literacy level, the higher are the saving rates. Availability of state supported financial education programs for rural people will significantly contribute to the financial literacy improvement.
Show more [+] Less [-]Correlates of human capital expenditure among rural households in Nigeria
2018
Obayelu, A.O., University of Ibadan, Oyo State (Nigeria) | Ojo, A., University of Ibadan, Oyo State (Nigeria) | Oladoyin, O., University of Ibadan, Oyo State (Nigeria)
Human capital development is increasingly gaining policy relevance especially with the implementation of the Sustainable Development Goals (SDGs). This study examined the correlates of human capital expenditure in rural Nigeria. General Household Survey dataset collected by the National Bureau of Statistics was used for this study. Descriptive statistical tools, principal components analysis and the Heckman selection model were used to analyse relevant data. The study found majority of the households were maleheaded, with an average size of 7 people. In terms of access to education, 62.1% of the surveyed households had access to education and spent an average of NGN 12,570.56 on education. The age of household head, access to loans, marital status and household size were the correlates of human capital expenditure in rural Nigeria. Also, school fees and registration accounted for 41.2% of households’ expenditure on education. The study found paucity of funds, low priority placed on education and low interest were the main constraints to human capital expenditure. The study recommended the design and implementation of pro-poor educational interventions especially for children from rural households. Also, there is the need for government, multilateral organisations and financial institutions to position rural households for financial inclusion.
Show more [+] Less [-]Rural livelihood strategies and household food security of farmers surrounding Derba Cement Factory, Oromia Region, Ethiopia
2018
Tesema, D., Jimma Univ. (Ethiopia) | Berhanu, A., Addis Ababa Univ. (Ethiopia)
This study examined the livelihood strategies and food security situation of rural households around Derba Cement Factory by taking a randomly selected sample of 215 heads of farm households from three rural kebeles. A mixed research approach was employed to triangulate concurrently collected data through household survey, key informant interviews and focus group discussions. Informed by the sustainable rural livelihood framework, descriptive statistics were used to describe rural households’ livelihood strategies and challenges they faced while inferential statistics was employed to explain households’ food security situations with different livelihood combinations. While mixed farming was found to be the mainstay of the household economy, small-scale irrigation and extracting forest products were also used as supplementary economic activities. More than a half of the respondents (52.5%) reported at least one non-farm activity. Land shortage was identified as a major constraint to expand crop production and this was further aggravated by the activities (e.g. querying leading to displacement) of the Derba Cement Factory. This further affected household labour allocation and natural resources utilization. The result of household food (in) security access scale indicated that 59% of the respondents have experienced food access insecurity in 2016. However, respondents who combined agriculture and non-farm activities appeared relatively more food secure than those engaged in agriculture alone or in non-farm activity only. Overall, households with multiple livelihood strategies had diverse food entitlements to maintain sustainable food consumption. Yet, necessity induced diversification was found to affect food access security of households. This calls for inclusive policies and strategies that integrate rural non-farm activities to subsistence farming in order to assure sustainable livelihood in rural communities.
Show more [+] Less [-]Welfare implications of domestic land grabs among rural households in Delta State, Nigeria
2018
Adepoju, A.O., University of Ibadan, Oyo State (Nigeria) | Ewolor, S., University of Ibadan, Oyo State (Nigeria) | Obayelu, O.A., University of Ibadan, Oyo State (Nigeria)
Rural households are displaced from their lands without any plan in place to resettle or compensate them, for a promise of improvement in their living standards. This has not only resulted in a decline in the living standard of the rural populace, in terms of loss of land and livelihoods, the poor are also further marginalized and impoverished. This study examines the welfare implication of domestic land grabs among rural households in Delta State, Nigeria, employing primary data obtained from one hundred and seventy-three representative farming households. Descriptive analysis revealed that majority were low-income earners and engaged in farming as their major occupation. Econometric analysis revealed land size, secondary education, community leaders’ influence, compensation and the use to which the grabbed land was put into as some of the significant factors influencing domestic land grabs in the study area. Further, the size of land grabbed, no compensation for the use of land and low farm output were found to have negative effects on the welfare of the farmers. Thus, the need to intensify efforts to ensure that the rural populace is not being unreasonably dispossessed of its lands, becomes imperative. The need for commensurate compensation of rural households whose lands were grabbed and periodical checks on community leaders who positively influence domestic land acquisitions arbitrarily also becomes pertinent for improvement in the welfare of the farmers. This is especially so, if these small-scale farmers are to be significant drivers of global food security.
Show more [+] Less [-]Challenges for fodder production in Ukraine during the war
2022
Cherevko, Iryna
This study aimed to identify the most characteristic trends in the area of fodder production and the use of fodder as factors in the development of animal husbandry in Ukraine under conditions of war as the modern challenge for these industries. Russian military aggression is a powerful challenge for the economy of Ukraine, including its fodder production, as well as other countries of the world, reflecting on the aggravation of global problems of food shortages and food security. The effect of the mentioned challenge in Ukraine is superimposed on the identified negative trends and situation, which were formed before the beginning of 2022. Calculations based on them show that the occupation of large areas of Ukraine by Russian aggressors and hostilities caused a significant decrease in the production of livestock products due to a 13–17% decrease in the number of animals. Accordingly, consumption of fodder at the expense of these regions decreased by 16%. However, the situation is very dynamic as the war continues. Given the limitations of state support for the industry, until the end of the war the main efforts to improve fodder production in Ukraine should objectively be related to the maximum optimization of the structure of fodder rations by increasing the share of less energy-intensive forages. Every challenge creates new opportunities, therefore the post-war development of fodder production and use in Ukraine will become highly innovative.
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