How Long to Read Product Market Deregulation and Growth

How Long Does it Take to Read Product Market Deregulation and Growth?

It takes the average reader and 26 minutes to read Product Market Deregulation and Growth by Romain Bouis

Assuming a reading speed of 250 words per minute. Learn more

Description

The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas, land transport, air transport, postal services, and telecommunications) in twenty-six countries spanning over three decades. The use of a threedimensional panel and careful instrumentation of reform shocks using external instruments enables us to control for economy-wide macroeconomic shocks and address possible sources of omitted variable bias more broadly. Using a local projection method, we find that major reductions in barriers to entry yield large increases in output and labor productivity over a five-year horizon, concomitant with a relative price decline. By contrast, there is only a weak positive effect on sectoral employment, and investment is essentially unaffected, suggesting that output gains from reform primarily reflect higher total factor productivity. It takes some time for these gains to materialize: effects become statistically significant two to three years after the reform, as prices start dropping, and productivity and output increase significantly. However, there is no evidence of any negative short-term cost from reform, including under weak macroeconomic conditions. These findings provide a clear case for intensifying product market reform efforts in advanced economies at the current juncture of weak growth.

How long is Product Market Deregulation and Growth?

Product Market Deregulation and Growth by Romain Bouis 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.

How Long Does it Take to Read Product Market Deregulation and Growth Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Product Market Deregulation and Growth aloud.

What Reading Level is Product Market Deregulation and Growth?

Product Market Deregulation and Growth 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 Product Market Deregulation and Growth?

Product Market Deregulation and Growth by Romain Bouis 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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