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Personal Finance


Household debt and consumption dynamics: A non-developed world view following the financial crisis

Adél Bosch, Matthew Clance and Steven F. Koch
According to recent macroeconomic evidence (Bosch and Koch 2020b; Farrell and Kemp 2020), the global financial crisis is still impacting the South African financial landscape more than 10 years later. In an effort to better understand the effect of the financial crisis, we examine household debt...
Jul 2021
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Forest commons, vertical integration and smallholder’s saving and investment responses: Evidence from a quasi-experiment

Dambala Gelo
As the result of prohibitively high transaction costs, smallholder farmers are only partly integrated into agricultural and forest commodity markets, a situation that may leave them in a lower level of development equilibrium (i.e., a poverty trap). For the most part, many users of forest commons...
Aug 2020
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