Sunday, 5 April 2015

Bank credit | Neo-classical Model and Endogenous Growth Theory

Bank credit | Neo-classical Model and Endogenous Growth Theory  Credit is the extension of money from the lender to the borrower. Spencer (1977) noted that credit implies a promise by one party to another for money borrowed or goods and services rendered. Credit cannot be divorced from the banking sector as banks serve as a conduct for funds to be received in form of deposits from the surplus...
Read more

THEORY OF FINANCIAL INTERMEDIATION | THEORY OF ECONOMIC GROWTH

THEORY OF FINANCIAL INTERMEDIATION Credit is an important aspect of financial intermediation that provides funds to those economic entities that can put them to the most productive use. Theoretical studies have established the relationship that exists between financial intermediation and economic growth. For instance, Schumpeter (1934), Goldsmith (1969), McKinnon (1973) and Shaw (1973) in their studies,...
Read more

Saturday, 4 April 2015

EVALUATION OF TEAM WORK IN THE HOTEL INDUSTRY DATA PRESENTATION AND ANALYSIS

CHAPTER FOUR DATA PRESENTATION AND ANALYSIS 4.1       INTRODUCTION This chapter provides a statistical analysis and presentation of data collected for the purpose of deducting the reactions of respondents to question raised. Attempt was made to classify and analyse response obtained through the questionnaire according to the respondents demographic data and...
Read more