Consistent with the dollar peg, benign global inflationary environment, and elastic supply
of foreign labour, inflation is projected to remain below three percent in the medium term.
He added that "the labor market structure in the GCC, with the majority of nationals employed in the public sector and the private sector reliant on an elastic supply
of low-skilled expatriate workers, has enabled the region to develop rapidly so far, and keep inflation relatively low.
Despite the push for diversification across the GCC and their advantageous ability to alleviate bottlenecks through access to a perfectly elastic supply
of foreign workers, hydrocarbon exports still overwhelm non-hydrocarbon exports, the bulk of which are energy-intensive and subsidised manufactures.
The trouble is that this is partly a global problem as increasing demand rubs up against insufficiently elastic supply
Patience must reign during inevitable periods of unemployment, and an elastic supply
of currency makes the situation worse--not better.
But in fact, because of the differential taxation of diesel (low tax) and gasoline (high tax) in Europe and the fairly fixed ratio of the two when crude is refined (in the absence of catalytic cracking), Europe has excess gasoline that is a source of elastic supply
for the U.
The one-day conference, with the theme, "Managing uncertainty, developing more elastic supply
," will provide an international meeting point and an ideal platform for meaningful interactions and networking among rubber industry players, policy makers, researchers and commodity analysts across the world, according to organizers.
The UAE has been able to use the elastic supply
of labour available in neighbouring countries in its drive for economic diversification and growth, Gokkent added.
Tables 1(a) and 1(b) show how inflation affects long-term housing market outcomes in the model when there is no capital gains tax and there is an elastic supply
The best indicator of a bubble I know of is a wide and growing gap between house prices and fundamental production costs in a market with elastic supply
Comparing the DWL shows that the DWL of the inelastic labor supply curve (ABC) is greater than the DWL of the elastic supply
Reforms of the planning system which would improve the supply of housing would be welcome, not only because a more elastic supply
would tend to moderate swings in house prices, but also because increased housing supply and associated lower prices would be highly desirable from a wider economic and social perspective,' the report continued.