Long-run supply prospects

Is the Long-Run Labor Supply Vertical?

Growth theory and real-business-cycle theory virtually always assume that the long-run labor supply is vertical. This paper derives the restriction on preferences required for this assumption to hold and formulates an econometric method for testing this restriction. The restriction is then rejected using time-series data for the United States and many OECD countries. Some evidence against the r...

Long Run Growth Prospects for the Indian Economy

The Growth Story: Canada’s Long-run Economic Performance and Prospects

3 C anada’s economy turned a corner in the 1990s. What happened? Most Canadians would give a lot of credit to the dramatic about face on the deficit in middecade. We finally began to live within our means; made room for taxes to be cut; and came to rely less on bureaucrats and more on entrepreneurs. Those who follow these issues more closely would also point to the Bank of Canada’s successful w...

Rent stabilization and the long-run supply of housing

Alastair McFarlane U.S. Department of Housing and Urban Development Office of Policy Development and Research Washington, D.C. 20410 Tel. 202 708 0426 Fax 202 708 1159 Email: [email protected] Original: May 1999 First revision: August 2001 JEL Classifications: R11 (Analysis of growth, development, and changes;) R33 (Housing supply and markets); and R38 (government policies; regulatory ...

Evaluating water supply and other health programs: short-run vs long-run mortality effects.

Development agencies use "cost-effectiveness" analyses for setting priorities among Primary Health Care programs, with "effectiveness" often measured by the short-term :,TLpac+ , ",, -.. luLing-ih;ld ..-. mortaiiry. ijsing data on the long-term effects of water supply and sanitation improvements on mortality in urban France in the 19th century, it is shown that use of this criterion introduces ...