Open AccessImpact of Cooperative Membership on Rural Income Generation in Southwest, Nigeria
Author(s) -
Sofoluwe Nurudeen Afolabi,
Yinusa Olumuyiwa Ganiyu
Publication year - 2021
Publication title -
revista de estudios cooperativos/revesco. revista de estudios cooperativos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.51
H-Index - 11
eISSN - 1885-8031
pISSN - 1135-6618
DOI - 10.5209/reve.75563
Subject(s) - propensity score matching , matching (statistics) , probit model , selection bias , probit , selection (genetic algorithm) , ordered probit , demographic economics , survey data collection , economics , socioeconomics , econometrics , statistics , computer science , mathematics , artificial intelligence
This study examines the impact of cooperative membership on rural income generation. It also analyzes the factors influencing participation in cooperatives among rural households in Southwest, Nigeria. The study was designed to account for selection bias into cooperative organizations. Rural household survey data were used and the estimates were based on both the Probit model and non-parametric propensity score matching method. The findings show that income generated through cooperative membership is approximately 10% higher than those generated by noncooperative members. Empirical estimates of determinants of cooperative membership indicate that years of education, age and land size have significant influences on the decision to join cooperatives.