With colleagues, Fitzpatrick has examined the efficiency and long run effects of merit aid programs, which offer scholarships for in-state postsecondary attandence.
Even if this story were right, long run effects aren't the whole story for policy – in the long run, we are all dead, and meanwhile capital owners have a chance to take the money and run.
Thus, the long run effects on consumer choice and providers' profits are an open research question.
Moreover, the importance of education as a mediating channel for the long run effects on earnings remains unclear (Bauer et al. 2012).
In order to distinguish short run and long run effects, I estimate the IV regressions in the same specifications as in Tables 8, 9 and 10 for the three sub-periods: 1995 2000, 2001 2004, 2005 2009.
The data set permits an examination of the long run effects of GDP fluctuations on maternal and infant mortality.
Migration and the remittances it generates have both positive and negative effects on the welfare of rural households and communities, which vary by type of household/community and overtime (short versus long run effects).
The results of the study indicated that nuclear energy consumption has a positive long run effect on GDP growth while it has no long run effect on CO2 emission.
This provides a novel means to study the short and long run effect of invention antecedents on technological evolution, invention activity, and economic growth.
As an illustration, consider the long run effect in a Cobb-Douglas economy.
There is also a long run effect of the adoption of cashless payment on economic growth, except for card payment.
