It takes the average reader and 41 minutes to read Structural Reforms and Labor Reallocation: A Cross-Country Analysis by Khalid ElFayoumi
Assuming a reading speed of 250 words per minute. Learn more
Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the speed of sectoral labor adjustment, as well as the contribution of structural reforms in governance, labor and product markets, trade and openness, and the financial sector to lowering the costs of labor reallocation. We find that, on average, sectoral employment shares converge towards equilibrium allocations, closing about 13.7 percent of labor productivity gaps each year; this speed of labor adjustment varies across sectors and income groups. On structural reforms, we find a significant association between more efficient labor reallocation and financial market liberalization, less bureaucracy, strong judicial and regulatory environment, trade liberalization, better education and more flexible labor and product markets.
Structural Reforms and Labor Reallocation: A Cross-Country Analysis by Khalid ElFayoumi is 41 pages long, and a total of 10,291 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Structural Reforms and Labor Reallocation: A Cross-Country Analysis aloud.
Structural Reforms and Labor Reallocation: A Cross-Country Analysis is suitable for students ages 8 and up.
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