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Discover Latest #Elasticity News, Articles and Videos with Contenting
Elasticity is a term that is used to describe the behavior of a material when it is stretched or compressed. It refers to how easily a material can return to its original shape after being subjected to a force. Elasticity is an important property of materials in many industries, from manufacturing to construction. In this section, we provide news, articles, and videos related to elasticity and its applications.
What are the exact elasticity assumptions behind the terms of trade argument [for tariffs]? - Marginal REVOLUTION
“The terms of trade argument for protectionism relies on specific assumptions about the elasticities of demand and supply for a country’s exports and imports. The key elasticity assumptions are: Inelastic foreign demand for the country’s exports: This means that when the price of the country’s exports increases, the quantity demanded by foreign countries does not […]
Friday assorted links - Marginal REVOLUTION
1. New AI video generator, open for public use. 2. The Chicago Cubs really were hurt by playing day games (a semi-new Substack from a GMU Ph.D. student). And his (Nicholas Decker) observations on South African unemployment. 3. Major deposits of rare earth minerals discovered in Norway, never underestimate elasticity of supply. 4. Summary take […]
Accelerating India's Development - Marginal REVOLUTION
What will India look like in 2047? Combining projections of economic growth with estimates of the elasticity of outcomes with respect to growth, Karthik Muralidharan in Accelerating India’s Development reports: Even with a strong GDP per capita growth rate of 6 per cent, projections for 2047 paint a sobering picture if we maintain our current […]
Capital and growth | LARS P. SYLL
We've lots of evidence from different times and places that the elasticity of output with respect to capital is indeed small. In his famous paper which kickstarted this approach to thinking about economic growth, Robert Solow estimated (pdf) that only one-eighth of the increase in US GDP per worker between 1900 and 1949 was due to…
Capital and growth | Real-World Economics Review Blog
from Lars Syll We’ve lots of evidence from different times and places that the elasticity of output with respect to capital is indeed small. In his famous paper which kickstarted this approach to thinking about economic growth, Robert Solow estimated (pdf) that only one-eighth of the increase in US GDP per worker between 1900 and 1949 was…
Solving for optimum U.S. fertility - Marginal REVOLUTION
In this post, we show that under the median estimated elasticity the socially optimal fertility rate is 2.4 in the US, well above today’s 1.7, given that the US should place a value of 14.28x GDP per additional birth ($1.17mn per birth). Furthermore, to achieve this, the US should be willing to spend the equivalent […]
Behavioral attenuation - Marginal REVOLUTION
We report a large-scale examination of behavioral attenuation: due to information-processing constraints, the elasticity of people’s decisions with respect to economic fundamentals is generally too small. We implement more than 30 experiments, 20 of which were crowd-sourced from leading experts. These experiments cover a broad range of economic decisions, from choice and valuation to belief […]