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Keynes (1936) notes that in the long run, changes in the interest rate can modify social habits, including the propensity to save.
We further posit that the oil price increases will result in higher long run changes in the food price as compared to the food price impact of oil price reduction of the same magnitude, i.e. α2 > α3.
Given the fact that evolutionary biologists, especially in so far as they take their cues from population genetics, deal with large populations conceived as 'gene pools', and think of evolution as long run changes in the frequencies of different combinations of genes from generation to generation, it is clear that, in this sense, chance permeates contemporary Darwinism.
Similar(57)
Neoclassical theory throws light upon the long-run changes in distribution of income.
But even if there are no long-run changes in work patterns, shorter work hours should be on everyone's list as a mechanism to combat unemployment.
They conclude that long-run changes in relative wages can be mainly explained by observable variables.
Our own preference for addressing the concerns raised by Meer and West in a parsimonious fashion is to consider models that explain long-run changes in employment as a function of similar long-run changes in the independent variables.
The term 'structural change' refers to the long-run changes in the labor allocation x c (t).
In the long run, changes to Social Security could save even more money than military cuts.
The sulphur directive may in the long run change the industrial structure in the Nordic regions from heavy products to lighter and more expensive ones per weight unit.
In the long run, change will only come through changes in attitudes and values.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com