It takes the average reader and 34 minutes to read Macro Effects of Corporate Restructuring in Japan by Mr.Se-Jik Kim
Assuming a reading speed of 250 words per minute. Learn more
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal restructuring, that is, reallocation of resources from less-productive firms to more-productive ones, on the dynamic path of aggregate output. The results show that the benefits of restructuring could substantially exceed the costs.
Macro Effects of Corporate Restructuring in Japan by Mr.Se-Jik Kim is 34 pages long, and a total of 8,636 words.
This makes it 11% 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 47 minutes to read Macro Effects of Corporate Restructuring in Japan aloud.
Macro Effects of Corporate Restructuring in Japan is suitable for students ages 8 and up.
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