Demand is what the consumer can and is willing to buy at a given price over a given time period. Analyzing demand is a complicated process that takes into account many variables. Economists and ...

Pakistan Economic and Social Review, Vol. 45, No. 2 (Winter 2007), pp. 245-256 (12 pages) Many studies have estimated the aggregate import demand function for Pakistan by using non-stationary data.

This paper concerns the problem of properly specifying the dynamic structure of models of industry costs and factor demands. The paper compares three common frameworks: long-run costs with all factors ...