It takes the average reader and 36 minutes to read How Do Countries Smooth Regional Disturbances? by Enrique Alberola Ila
Assuming a reading speed of 250 words per minute. Learn more
Use of a simple framework to study how idiosyncratic production shocks are smoothed through risksharing across Spanish provinces. By analyzing how production in the average province is successively smoothed until it is used as consumption, it is found that half of the shocks have been smoothed in the period 1973-1993 and that this proportion is even higher in the last decade (1983-1993). Capital and credit market risksharing account for most of this result. Labor mechanisms play a negligable role and the smoothing due to the government tax-transfer system is quite small. Finally, it is observed that the use of provincial prices instead of aggregate prices results in a reduction of the degree of smoothing in the economy.
How Do Countries Smooth Regional Disturbances? by Enrique Alberola Ila 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 How Do Countries Smooth Regional Disturbances? aloud.
How Do Countries Smooth Regional Disturbances? is suitable for students ages 8 and up.
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