It takes the average reader and 54 minutes to read Structural Reform Packages, Sequencing, and the Informal Economy by Zsuzsa Munkacsi
Assuming a reading speed of 250 words per minute. Learn more
This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model with formal and informal markets. We examine both the long-run effects and the transition towards the post-reform equilibrium, while our main focus are reform packages and sequencing. The unofficial sector is a major determinant of the sign, and, in particular, the magnitude of responses. South Africa, an emerging country, is considered when Bayesian estimating the model. Regarding the long run, both labor and product market reforms considerably increase output, although labor market reforms are more successful in decreasing unemployment. Nevertheless, there are short-term costs, for example, a decrease in household consumption, net exports or output, or a decrease in competition. Combining reforms, especially with product market deregulation, are good at reducing short-term costs. Finally, concerning the speed of adjustment, it is usually better to start with a labor market reform.
Structural Reform Packages, Sequencing, and the Informal Economy by Zsuzsa Munkacsi is 54 pages long, and a total of 13,716 words.
This makes it 18% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 14 minutes to read Structural Reform Packages, Sequencing, and the Informal Economy aloud.
Structural Reform Packages, Sequencing, and the Informal Economy 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.
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