How Long to Read Reforms and Confidence
By Pertti Haaparanta
How Long Does it Take to Read Reforms and Confidence?
It takes the average reader and 19 minutes to read Reforms and Confidence by Pertti Haaparanta
Assuming a reading speed of 250 words per minute. Learn more
Description
We examine the choice of economic reforms when policymakers have present-biased preferences and can choose to discard information (maintain confidence) to mitigate distortions from excess discounting. The decisions of policymakers and firms are shown to be interdependent. Confident policymakers carry out welfare-improving reforms more often, which increases the probability that firms will invest in restructuring. While policymakers in different countries can be equally irrational, the consequences of bounded rationality are less severe in economies with beneficial initial conditions. We also examine how present-biased preferences influence the choice between big bang versus gradualist reform strategies. Our findings help explain differences in economic reform success in various countries. Published in: Journal of Development Economics (2006), ISSN: 0304-3878. (Forthcoming.).
How long is Reforms and Confidence?
Reforms and Confidence by Pertti Haaparanta is 19 pages long, and a total of 4,921 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
How Long Does it Take to Read Reforms and Confidence Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 26 minutes to read Reforms and Confidence aloud.
What Reading Level is Reforms and Confidence?
Reforms and Confidence is suitable for students ages 6 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.
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