How Long to Read Global Market Power and its Macroeconomic Implications

By Mr.Federico Diez

How Long Does it Take to Read Global Market Power and its Macroeconomic Implications?

It takes the average reader and 42 minutes to read Global Market Power and its Macroeconomic Implications by Mr.Federico Diez

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

Description

We estimate the evolution of markups of publicly traded firms in 74 economies from 1980¬-2016. In advanced economies, markups have increased by an average of 39 percent since 1980. The increase is broad-based across industries and countries, and driven by the highest markup firms in each economic sector. For emerging markets and developing economies, there is less evidence of a rise in markups. We find a positive relation between firm markups and other indicators of market power, such as profits or industry concentration. Focusing on advanced economies, we investigate the relation between markups and investment, innovation, and the labor share at the firm level. We find evidence of a non-monotonic relation, with higher markups being correlated initially with increasing and then with decreasing investment and innovation rates. This non-monotonicity is more pronounced for firms that are closer to the technological frontier. More concentrated industries also feature a more negative relation between markups and investment and innovation. The association between markups and the labor share is generally negative.

How long is Global Market Power and its Macroeconomic Implications?

Global Market Power and its Macroeconomic Implications by Mr.Federico Diez is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Global Market Power and its Macroeconomic Implications Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Global Market Power and its Macroeconomic Implications aloud.

What Reading Level is Global Market Power and its Macroeconomic Implications?

Global Market Power and its Macroeconomic Implications 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.

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