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factor is an increase of the rates of product demand. Economic growth is presented through an increase of the rates of … monetary demand. If the rates of monetary demand evolve there is an economic growth. If the rates of monetary demand decrease … there is an economic decline. Both an increase of the product investment and increase of the product demand have similar …
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The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality "nexus" in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study attempts to...
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