It takes the average reader and 36 minutes to read Fiscal Constraintson Market-Oriented Reform in a Socialist Economy by Mr.Timothy D. Lane
Assuming a reading speed of 250 words per minute. Learn more
This paper develops a simple two-sector model of a socialist economy, in which government revenues required for servicing external debt are obtained from taxation of the socialized sector and from import taxes. Wages and employment in the socialized sector are the outcome of Nash bargaining between the government and an import-competing labor-dominated state enterprise with domestic market power. The effects of trade liberalization, demonopolization, technical improvements, and limitations on labor’s bargaining power are examined, and the implications for privatization are considered. It is shown that some combination of tax reform and debt reduction may be a precondition for market-oriented reforms.
Fiscal Constraintson Market-Oriented Reform in a Socialist Economy by Mr.Timothy D. Lane is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Fiscal Constraintson Market-Oriented Reform in a Socialist Economy aloud.
Fiscal Constraintson Market-Oriented Reform in a Socialist Economy 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.
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