The World Bank’s new sector-specific growth model breaks from aggregate-focused forecasting by capturing how labor and ...

Some Santa Monica residents are making their complaints known due to the constant noise that they say is the result of the Waymo charging station located near their homes. There's a constantly ...

At the production level, firms minimize costs under perfectly competitive market conditions, using CES (constant elasticity of substitution) functions to substitute between labor, capital, energy, and ...

The paper starts with an idea associated with Canadian economist Harry Johnson: trade wars in general are counter-productive nonsense, but the country with the higher elasticity of substitution ...

The difference between these scenarios is a number that Barnett calls the “elasticity of substitution” — in this case, between remote and in-person work, but in principle between any two ...

The goal of this study is to estimate the own and cross-price elasticity of demand for e-cigarettes and ... Differential tax policies based on product type could lead to substitution between different ...

What's Fueling the $1M Bitcoin Prediction? The study is based on a Constant Elasticity of Substitution (CES) demand function, which factors in Bitcoin's fixed supply and growing demand.

ABSTRACT: The note introduces a simple GDP accounting model, whereby the total GDP at a point in time is the sum of the various GDP sectors contributing to the production of added value. Among these ...

One example of this forecasting of behavior that economists attempt is the price elasticity of demand ... demand means that demand remains constant regardless of price. Relatively inelastic ...

Let’s face it: We are massively failing at change. According to research from Gartner published last May, employees’ willingness to support enterprise change collapsed to just 43% in 2022 ...