How Long to Read Toward an Explanation of National Price Levels

How Long Does it Take to Read Toward an Explanation of National Price Levels?

It takes the average reader and 49 minutes to read Toward an Explanation of National Price Levels by Irving B. Kravis

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

Description

"The purpose of this paper is to call attention to the need for a theory of comparative national price levels and to explore some of the elements that seem to belong to such a theory. Most theoretical discussions have maintained that national price levels tend towards equality and focus on presumably temporary divergences from equality. Yet strong evidence has been accumulating that there are large and long-standing differences inprice levels, the highest of which are more than twice those of countries with the lowest prices. Long-run price level differences are most clearly related to levels of real per capita output, with richer countries having higher price levels.These differences have been explained as resulting from greater advantages in productivity for the wealthier countries in goods production, mostly tradable, than in services production, mostly nontradable. The differences in relative productivity may be in total factor productivity or only in labor productivity, reflecting the greater capital intensity of goods production and possibly a higher elasticity of substitution between capital and labor in goods production.We find in the empirical analysis that a large part of the differences in price levels can be explained by structural factors such as real GDP per capita, the degree of openness of the economy, and the share of nontradable goods in output. The only non-structural factor emerging from a preliminary analysis of several of these was the rate of growth of the quantity of money"--NBER website

How long is Toward an Explanation of National Price Levels?

Toward an Explanation of National Price Levels by Irving B. Kravis is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Toward an Explanation of National Price Levels Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read Toward an Explanation of National Price Levels aloud.

What Reading Level is Toward an Explanation of National Price Levels?

Toward an Explanation of National Price Levels 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 Toward an Explanation of National Price Levels?

Toward an Explanation of National Price Levels by Irving B. Kravis 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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