How Long to Read Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets
By Mr.Edward F Buffie
How Long Does it Take to Read Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets?
It takes the average reader 1 hour and 36 minutes to read Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets by Mr.Edward F Buffie
Assuming a reading speed of 250 words per minute. Learn more
Description
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector. These features allow for a deeper examination of macroeconomic and fiscal policy programs and their impact on labor market outcomes, inequality, and poverty. The paper illustrates the model's properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective than investment in infrastructure in promoting long-run economic development when investments earn their average estimated returns. The decision about how much to invest in human capital versus infrastructure involves, however, an acute intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net national income, the private capital stock, real wages for the poor, and formal sector employment surpass their counterparts in a program that invests mainly in infrastructure. The ranking of alternative investment programs depends on the policymakers' social discount rate and on the weight of distributional objectives in the social welfare function.
How long is Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets?
Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets by Mr.Edward F Buffie is 95 pages long, and a total of 24,225 words.
This makes it 32% the length of the average book. It also has 30% more words than the average book.
How Long Does it Take to Read Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets Aloud?
The average oral reading speed is 183 words per minute. This means it takes 2 hours and 12 minutes to read Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets aloud.
What Reading Level is Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets?
Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets is suitable for students ages 10 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.
Where Can I Buy Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets?
Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets by Mr.Edward F Buffie is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
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