The paper begins with a figurative representation of the contrast between present-day and formal applied econometrics. An explication of the status of bridge principles in applied econometrics follows. To illustrate the concepts used in the explication, the paper presents a simultaneous-equation...

For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...

Migration has been a difficult phenomenon to measure because of its volatile characteristics and the number of models that explain the essential incentives of the process. In Bolivia there are few quantitative studies of international migratory movements, however, there are records that reflect...

A közgazdaságtani gondolkodás hajlamos a piaci mechanizmusokat ab ovo egyensúlyi rendszereknek tekinteni, ahol az egyensúlyi állapot elérése legfeljebb idõ kérdése. Ez a szemléletmód azonban néhány erõs feltételezésen alapszik: (i) a láthatatlan kéz explicit megjelenése a...

The aim of the present article is to analyze the various concepts, techniques and procedures applied in different periods by different countries in order to balance state budget. There are analyzed positive parts and deficiencies at legislative level of different concepts concerning budgetary...

The purpose of this paper is to study how the equilibrium prices vary with respect to the initial endowments in a linear exchange economy with a continuum of agents. We first state the model and give conditions of an increasing strength for existence, uniqueness and continuity of equilibrium...

The objective of this paper is to extend the model of linear multipliers to represent the circular flow in an open economy. Specifically, we incorporate the links between the domestic economy and the foreign sector in the calculation of generalised multipliers. Additionally, we present a...