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High technology ventures are associated with employment of technologically qualified people and the change in technology being substantial over a period of time.
As for elasticity estimates, while it is true that their values might change over time, it is plausible to assume that this change would not be substantial over a short period of four years, as underlying demand behavior would need time to adjust to various shocks and changes in the economy.
In future, a longer study should be performed to assess whether the decrease will be more substantial over a longer period.
Similar(56)
For such a small and tightly knit group - two thousand, all told, the critic Douglas Goldring reckoned, which seems a substantial over-estimate - the Bright Young People's ranks took in a disproportionately high percentage of writers.
Results highlight that the literature formulations can lead to a substantial over- or underestimation of the ARF estimated from observed data.
A statement on the Scottish Football League website said: "It has come to light that there has been a substantial over-sale of tickets for this fixture.
At the same time, there was a substantial over-representation of individuals describing their ethnicity as "other" (3% more than the proportion in the general population).
The family said they have handed over "a substantial amount of evidence" to the police.
When it was over, the Giants (2-1) had not just survived the final scare, they had also escaped with a substantial victory over a skilled opponent.
The purpose of insurance is to spread the risk of a substantial loss over a large population so sick patients are not burdened with high costs.
"Mr. Bhandari's conduct reflected substantial dishonesty over a prolonged period in dealing with a professor," Judge Koetl wrote in a ruling that dealt only with the injunction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com