The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ability to fully adjust to changes in demand or costs. For example, a factory ...

Ask any economist and he or she will tell you that faster productivity growth leads to higher real wages and improved living standards. So, from those perspectives, the recent evidence of strong ...

This is a preview. Log in through your library . Abstract This paper estimates aggregate short-run and long-run import demand functions for the Philippines using data for the period 1960-2006. Results ...

We apply Leif Johansen's dynamic production function framework to the development of the Finnish brewery industry over a 30-year time span, 1955 to 1984, based on micro data (plants). The relationship ...