How Long to Read Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle
By Yuanyan Sophia Zhang
How Long Does it Take to Read Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle?
It takes the average reader and 17 minutes to read Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle by Yuanyan Sophia Zhang
Assuming a reading speed of 250 words per minute. Learn more
Description
This paper analyzes the role of credit market imperfection and sectoral asymmetry as a means through which shocks to the real economy are propagated and amplified. Drawing on firm-level data to calibrate the model, our simulations capture two key stylized facts of the Chinese economy: that credit constraints are more binding in nontradable sectors than in tradable industries and that output volatility is much greater in China than in industrial economies. We find that the driving force behind our simulation results is strongly related to the non-uniform nature of credit market imperfections in China and their implications for resource allocation and the way in which the economy reacts to shocks. Correctly capturing these macro-financial interactions are essential to understand the dynamic behavior of the Chinese economy.
How long is Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle?
Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle by Yuanyan Sophia Zhang is 17 pages long, and a total of 4,369 words.
This makes it 6% the length of the average book. It also has 5% more words than the average book.
How Long Does it Take to Read Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 23 minutes to read Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle aloud.
What Reading Level is Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle?
Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle is suitable for students ages 6 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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