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The interest rate variable, ignored in several LDC studies, exerts a statistically significant long-run effect on real money balances of all eight LDCs, except for Kenya.
These results confirm those of Tabi et al. (2011) who used a time series data of 35 years to show that financial development had a positive and significant long-run effect on economic growth in Cameroon.
Similar analysis for pubs shows that there was no significant long-run effect on pub revenue.
Cutting federal funds for R.& D. would leave a void and could have significant long-run effects on growth.
Persistent regional price differences due to Indonesia's insular geography enable this study to show that energy prices have a small (but statistically significant) adverse long-run effect on competitiveness – though different energy types matter in different sectors.
Few analysts expect the current problems to have a huge long-run effect on the company.
The TWAs also had a clear long-run effect on employment probabilities.
There is a big short-run effect, but the long-run effect is very different.
On the other hand, long-run effect of a decrease in DAHG on GHES is essentially zero, with a long-run effect estimate of $3.22 (CI: −11.11, 17.56).
The estimates suggest a marginally significant starve-the-beast effect in a single quarter (quarter 9), but they are more often positive than negative, and the estimated long-run effect is positive, small, and very far from significant.
"The Long-run Effect of Teacher Collective Bargaining" (With Alexander Willén), Forthcoming, American Economic Journal Economic Policyy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com