One of the most important factors that is a driver for financial growth in any economy is the accessibility of credit since it can be used to allocate resources into profitable areas that will in turn lead to growth in production as well as work....
For Ayanda who is paying off more than three credit providers every month, debt consolidation is becoming an attractive prospect. Rather than having to pay her Edgars and Woolworths account, along with her Virgin credit card, her car loan and home loan for her townhouse...
We used to compare the Philippines, for instance, to an “oriental pearl”, coveted by colonists due to its rich resource, lush nature, and industrious people. Became a “caged dove”in time of Martial Law and fighting this we earned a title of “sick man of Asia”...
Much of the modern theoretical discussion between debt and growth was initiated by Barro (1979). In this paper, Barro (1979) extends and analyzes the Ricardian Equivalence theorem. We first assume that the government increases government debt to stimulate the economy. The Ricardian Equivalence theorem states...
Over the years, external debt has been the bane of socio-economicand development in Nigeria. Despite its huge revenue from over 50 years export of petroleum product, country has remained one of the most impoverished countries in the world with very poor infrastructure to drive its...
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