How Long to Read Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel
By Mr.JaeBin Ahn
How Long Does it Take to Read Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel?
It takes the average reader and 28 minutes to read Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel by Mr.JaeBin Ahn
Assuming a reading speed of 250 words per minute. Learn more
Description
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital – a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self-financing their investments through rents. Using a rich cross-country firm-level dataset and exploiting heterogeneity in firm-level exposure to the sharp and unforeseen tightening of credit conditions around September 2008, we find strong support for these theoretical predictions. The quantitative implications are large, highlighting a powerful stabilizing role for macroeconomic policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation.
How long is Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel?
Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel by Mr.JaeBin Ahn 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.
How Long Does it Take to Read Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel aloud.
What Reading Level is Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel?
Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel 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.
Where Can I Buy Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel?
Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel by Mr.JaeBin Ahn 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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