It takes the average reader and 52 minutes to read Fiscal Consolidation and Firm Level Productivity: Evidence from Advanced Economies by Maxwell Tuuli
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Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal consolidation on firm level productivity in 12 advanced economies by combining an updated dataset of fiscal consolidation measures with firm level productivity. We find that fiscal consolidation (i.e., discretionary tax hikes and spending cuts), is detrimental to firm level productivity in advanced economies. We also find that high levels of fiscal consolidation are particularly harmful to firm level productivity compared to lower levels of fiscal consolidation. Furthermore, we find that tax based fiscal consolidation hinders firm level productivity more compared to spending based fiscal consolidation. This implies that the size and composition of fiscal consolidation matter in understanding the relationship between fiscal consolidation and firm level productivity.
Fiscal Consolidation and Firm Level Productivity: Evidence from Advanced Economies by Maxwell Tuuli is 52 pages long, and a total of 13,104 words.
This makes it 18% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Fiscal Consolidation and Firm Level Productivity: Evidence from Advanced Economies aloud.
Fiscal Consolidation and Firm Level Productivity: Evidence from Advanced Economies is suitable for students ages 8 and up.
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