Sentence examples for imperfect substitutability between from inspiring English sources

Similarly, given imperfect substitutability between different types of labor, the firms minimize labor costs by choosing their labor composition in response to relative wage rates.

In other words, the imperfect substitutability between import demand [shown in Eq. (5), IM i ] and demand for domestic goods (DDi) is represented by CES (σ i M ).

The model also assumes imperfect substitutability between imported and domestically produced goods, differentiated by origins, which specifies import demand following Armington function (Ducaluwe et al. 2013; Ganuza et al. 2005).

To raise the equity and incentive compatibility of the assessment, we suggest the central take the imperfect substitutability or energy structure changes into consideration.

Results from the corresponding development accounting exercise that considers imperfect substitutability of workers with and without college education are displayed in Table 7.

We hence extend our basic framework and consider a modified model with imperfect substitutability of individuals with and without college education.

In economics world, production factors are usually non-linearly aggregated using Divisia approach, which is derived from microeconomic theory and considers the heterogeneity and imperfect substitutability among various energies.

Including our broad measure of human capital increases the model's explanatory power to 42%, or even 45% when considering imperfect substitutability of workers with different levels of education.

As mentioned before, Jones (2014), Caselli and Coleman (2006) and Malmberg (2017) show that allowing for imperfect substitutability of workers with different education levels has the potential to increase the importance of human capital for development accounting.

However, Jones (2014), Caselli and Coleman (2006) and most recently Malmberg (2017) show that considering imperfect substitutability of workers with different education levels increases the explanatory power of human capital in development accounting.

Thus, QE's impact on its trading partners may be positive or negative; it depends on a country's trade intensity, the substitutability between its and its competitors' products, and how sensitive domestic demand is to lower rates.