How Long to Read How can Korea Boost Potential Output to Ensure Continued Income Convergence?

How Long Does it Take to Read How can Korea Boost Potential Output to Ensure Continued Income Convergence??

It takes the average reader and 15 minutes to read How can Korea Boost Potential Output to Ensure Continued Income Convergence? by Sonali Jain-Chandra

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

Description

Korea’s rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea’s potential growth. The main finding is that trend growth has fallen from around 4¾ percent during 2000-07 to around 3¼ -3½ percent by 2011-12. Absent reforms, it is projected to fall further to around 2 percent by 2025, primarily due to declining working-age population. However, Korea’s potential growth can be maintained at a higher level by putting in place a comprehensive structural reform agenda, including increased female and youth labor force participation, liberalization of product and labor market regulation. Staff simulations suggest that such reforms could lift potential growth by around 1¼ percentage point over the next decade, maintaining potential growth at around 3¼ percent, counteracting the effect of population aging, and enabling Korea to continue to converge to income levels of the United States.

How long is How can Korea Boost Potential Output to Ensure Continued Income Convergence??

How can Korea Boost Potential Output to Ensure Continued Income Convergence? by Sonali Jain-Chandra is 15 pages long, and a total of 3,825 words.

This makes it 5% the length of the average book. It also has 5% more words than the average book.

How Long Does it Take to Read How can Korea Boost Potential Output to Ensure Continued Income Convergence? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 20 minutes to read How can Korea Boost Potential Output to Ensure Continued Income Convergence? aloud.

What Reading Level is How can Korea Boost Potential Output to Ensure Continued Income Convergence??

How can Korea Boost Potential Output to Ensure Continued Income Convergence? is suitable for students ages 6 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 How can Korea Boost Potential Output to Ensure Continued Income Convergence??

How can Korea Boost Potential Output to Ensure Continued Income Convergence? by Sonali Jain-Chandra 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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