How Long to Read Endogenous Time Preference, Investment and Development Traps

How Long Does it Take to Read Endogenous Time Preference, Investment and Development Traps?

It takes the average reader and 26 minutes to read Endogenous Time Preference, Investment and Development Traps by Pertti Haaparanta

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

Description

We introduce endogenous time preference via investment in patience (farsightedness) in an overlapping generations growth model to study development traps. There is no investment in patience, if the economy is very poor, while if it is wealthy enough there is always such investment. We explore the conditions for the existence of the development trap, and study in detail a robust example of an economy with traps. It does not exist, if the economy's total factor productivity is large enough. Our results illustrate the complementarity between physical investment and investment in farsightedness. Our model may also explain why economic growth is affected by initial conditions. In addition we show that increased international capital mobility does not necessarily help economies to escape from development traps.

How long is Endogenous Time Preference, Investment and Development Traps?

Endogenous Time Preference, Investment and Development Traps by Pertti Haaparanta is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Endogenous Time Preference, Investment and Development Traps Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Endogenous Time Preference, Investment and Development Traps aloud.

What Reading Level is Endogenous Time Preference, Investment and Development Traps?

Endogenous Time Preference, Investment and Development Traps 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.

Where Can I Buy Endogenous Time Preference, Investment and Development Traps?

Endogenous Time Preference, Investment and Development Traps by Pertti Haaparanta 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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