It takes the average reader and 26 minutes to read Private Saving and Terms of Trade Shocks by Mr.Jonathan David Ostry
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in response to a transitory terms of trade shock, depending on the values of the intertemporal elasticity of substitution and the intratemporal elasticity of substitution between traded and nontraded goods. Empirical estimates of these two parameters are obtained using data from a sample of 13 developing countries, and then used to draw implications for...
Private Saving and Terms of Trade Shocks by Mr.Jonathan David Ostry is 26 pages long, and a total of 6,656 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Private Saving and Terms of Trade Shocks aloud.
Private Saving and Terms of Trade Shocks is suitable for students ages 8 and up.
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