How Long to Read Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom

How Long Does it Take to Read Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom?

It takes the average reader 1 hour and 29 minutes to read Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom by Ms.Yu Shi

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

Description

This paper identifies a new mechanism leading to inefficiency in capital reallocation at the extensive margin when an economy experiences a sectoral boom. I argue that imperfections in the financial market and capital barriers to entry in the booming sector create a misallocation of managerial talent. Using comprehensive firm-level data from China, I first provide evidence that more productive firms reallocate capital to the booming real estate sector, and demonstrate that the pattern is likely driven by fewer financial constraints on these firms. I then use a structural estimation to verify the talent misallocation. Finally, I calibrate a dynamic model and find that the without the misallocation, the TFP growth in the manufacturing sector would have improved by 0.5% per year.

How long is Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom?

Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom by Ms.Yu Shi is 87 pages long, and a total of 22,359 words.

This makes it 29% the length of the average book. It also has 27% more words than the average book.

How Long Does it Take to Read Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 2 minutes to read Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom aloud.

What Reading Level is Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom?

Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom is suitable for students ages 10 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 Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom?

Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom by Ms.Yu Shi 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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