How Long to Read Public Debt and Growth

How Long Does it Take to Read Public Debt and Growth?

It takes the average reader and 50 minutes to read Public Debt and Growth by Jaejoon Woo

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

Description

This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.

How long is Public Debt and Growth?

Public Debt and Growth by Jaejoon Woo is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Public Debt and Growth Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Public Debt and Growth aloud.

What Reading Level is Public Debt and Growth?

Public Debt 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 Public Debt and Growth?

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