How Long to Read Financial Shocks and TFP L4318Growth

How Long Does it Take to Read Financial Shocks and TFP L4318Growth?

It takes the average reader and 39 minutes to read Financial Shocks and TFP L4318Growth by Tiago Severo

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

Description

The paper investigates how changes in industries'' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries'' dependence on external funding as an identification mechanism, we show that increases in the cost of funds have a statistically significant and economically meaningful negative impact on TFP growth. This finding cannot be explained by either increasing returns to scale or factor hoarding, as results are not sensitive to controlling for industry size and our calculations account for changes in factor utilization. Based on a stylized theoretical model, the estimates suggest that financial shocks distort the allocation of factors across firms even within an industry, reducing its TFP. The decline in productivity growth accounts for a large fraction of the negative impact of funding costs on output.

How long is Financial Shocks and TFP L4318Growth?

Financial Shocks and TFP L4318Growth by Tiago Severo is 38 pages long, and a total of 9,804 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Financial Shocks and TFP L4318Growth Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Financial Shocks and TFP L4318Growth aloud.

What Reading Level is Financial Shocks and TFP L4318Growth?

Financial Shocks and TFP L4318Growth 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 Financial Shocks and TFP L4318Growth?

Financial Shocks and TFP L4318Growth by Tiago Severo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Financial Shocks and TFP L4318Growth by Tiago Severo on Amazon click the button below.