It takes the average reader and 28 minutes to read Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model by Mr. Douglas Laxton
Assuming a reading speed of 250 words per minute. Learn more
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D expenditures of trading partners, and trade. Compared with the standard version of the model with exogenous TFP, fiscal policies have much larger and long-lived effects on the domestic economy and on other countries.
Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model by Mr. Douglas Laxton is 28 pages long, and a total of 7,224 words.
This makes it 9% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model aloud.
Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model is suitable for students ages 8 and up.
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