Short-run, targeted subsidies for health products are common in poor countries. How do they a¤ect long-run adoption? Standard economic theory predicts that they may increase long-run adoption through experience and social learning effects. Those effects will be muted, however, if subsidized

structure of interest rates are the level and slope of the term structure. If an increase in the slope of the Treasury curve increases the expected future short rate, then by the same argument as above, it should also lead to a decrease in credit spreads. From a different perspective, a decrease in yield

been drawn from the balance sheets and statements of profit and loss in one of the commercial banks in Iran for the period of five years from 2006 to 2010. The results indicate that short-run increase in exchange rate has a reaction over the expected level, whilst the profit is over the equilibrium

This paper utilizes a technique developed by Judd to quantifY the short-run effects of fiscal policies and income shocks on the current account in a small open economy. It is found that: (1) a future increase in government spending improves the short-run current account; (2) a future tax increase

The new economic geography literature provides a general equilibrium framework that explains the emergence of economic agglomerations as a trade-o# between increasing returns at the firm level and transportation costs related to the shipment of goods. The existence and uniqueness of short--run

accurate short-run forecasts are obtained with the estimated models, with the Midwest price models performing better than Northwest price models, and the nearby futures model being considerably more accurate for longer forecasting horizons. A major characteristic of agricultural mar-kets in the past decade

Short-run and long-run technical and allocative efficiencies were computed for 395 New York dairy farms using data envelopment or nonparametric procedures on 1990 Dairy Farm Business Summary data. The farms were, on average, more allocatively efficient in the short run than in the long run

There is increasing recognition that Lucas’s [1976] critique of econometric policy evaluation, at least under its usual interpretation, is logically flawed. The point has been made forcefully recently by Sargent [1984] and by Cooley, Leroy and Rahman [1984] (henceforth referred to as CLR), as well

Abstract We analyze the efficiency, distributional, and environmental effects of real-time pricing (RTP) adoption in the short run. Consistent with theory, our simulations of the PJM electricity market show that RTP adoption improves efficiency and compresses the distributions of loads and prices

implications on work effort of removing the test for members of this age group. It looks at the Current Population Survey (CPS) data to determine how many persons aged 65-69 have characteristics that can be identified with groups that would theoretically increase, decrease, or not change their work effort