How Long to Read Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

How Long Does it Take to Read Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing?

It takes the average reader and 54 minutes to read Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing by Mr.Arne Bigsten

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average investment regressions modeling the response to capital imbalance, and transition data analysis indicate that irreversibility is an important factor considered by firms when making investment plans. The picture is not unanimous however, and some explanations for the mixed results are proposed.

How long is Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing?

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing by Mr.Arne Bigsten is 54 pages long, and a total of 13,716 words.

This makes it 18% the length of the average book. It also has 17% more words than the average book.

How Long Does it Take to Read Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 14 minutes to read Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing aloud.

What Reading Level is Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing?

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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