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We will discuss in particular the indirect effects, including macroeconomic and general equilibrium effects, as well as longer run effects determining the cost-effectiveness.
For both wages and employment, short run effects of immigration differ from long run effects: any declines in the wages and employment of UK-born workers in the short run can be offset by rising wages and employment in the long run.
In addition, temperature shocks have a bigger short run effects on food prices than rainfall shocks.
Mixed model analysis of risky right presses evaluated potential group, run, and group x run effects.
Run Effect >> Alpha Mask and Paste from Clipboard.
From JackH: How about long-run versus short-run effects?
Meanwhile, policy can have huge short-run effects.
They can have long-run effects that are big and problematic.
Once you take long-run effects into account, austerity is almost surely self-defeating.
This picture of the historical development of income distribution fits roughly into the frame of neoclassical theory, although one must also make allowance for the short-run effects of inflation and the long-run effects of technological progress.
Cutting federal funds for R.& D. would leave a void and could have significant long-run effects on growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com