How Long to Read Determinants of China’s Private Consumption

How Long Does it Take to Read Determinants of China’s Private Consumption?

It takes the average reader and 18 minutes to read Determinants of China’s Private Consumption by Kai Guo

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

Description

This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese economy and evidence from other countries' experiences. The results suggest there is nothing "special" about consumption in China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment, the level of financial sector development, and low real interest rates-are so different in China relative to other countries' historical experience. The results suggest, in particular, that efforts to further raise household income and the share of employment in the services sector, as well as to develop capital markets, including liberalizing interest rates and creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role to play.

How long is Determinants of China’s Private Consumption?

Determinants of China’s Private Consumption by Kai Guo is 18 pages long, and a total of 4,644 words.

This makes it 6% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read Determinants of China’s Private Consumption Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read Determinants of China’s Private Consumption aloud.

What Reading Level is Determinants of China’s Private Consumption?

Determinants of China’s Private Consumption 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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