It takes the average reader and 43 minutes to read Aggregate Uncertainty and Sectoral Productivity Growth by Sangyup Choi
Assuming a reading speed of 250 words per minute. Learn more
We show that an increase in aggregate uncertainty—measured by stock market volatility—reduces productivity growth more in industries that depend heavily on external finance. This effect is larger during recessions, when financing constraints are more likely to be binding, than during expansions. Our statistical method—a difference-in-difference approach using productivity growth for 25 industries for 18 advanced economies over the period 1985-2010—mitigates concerns with omitted variable bias and reverse causality. The results are robust to the inclusion of other sources of interaction...
Aggregate Uncertainty and Sectoral Productivity Growth by Sangyup Choi is 43 pages long, and a total of 10,879 words.
This makes it 15% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Aggregate Uncertainty and Sectoral Productivity Growth aloud.
Aggregate Uncertainty and Sectoral Productivity Growth is suitable for students ages 8 and up.
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