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In this paper we examine some econometric implications of the ceteris paribus assumption (other things being equal, or all else remaining the same) which is used in the construction of economic theories.
1 Ιουν 2002 · The current paper investigates the role of the ceteris paribus clause in its historical context, synthesizing via meta-analysis. Further, the impacts of meta-analysis on value transfers and on the use of the ceteris paribus clause in relation to new case studies are studied.
Ceteris paribus is essential for understanding the impact of a single variable on an economic outcome, as it allows economists to isolate the effect of that variable from the influence of other factors.
Ceteris paribus enables economists to focus on the relationship between price and quantity demanded, without the confounding effects of other variables like income or the prices of related goods. Describe how the ceteris paribus assumption is used in the analysis of an individual's budget constraint and its impact on consumption choices.
This paper discusses the relationship between the hierarchy of scientific method and different computational techniques referred to as “simulation” in economics. It argues that different types of simulation can usefully be classified according to those aspects of the scientific hierarchy which they take as given or exogenous.
What is Ceteris Paribus? Ceteris paribus is an assumption or condition in economic theory where only one variable is changed or examined while keeping other relevant variables unchanged or constant.
13 Δεκ 2023 · By using this model, economists can gain a better understanding of the relationship between variables and make informed predictions about the economy. In this article, we will dive deeper into the concept of ceteris paribus models and explore some examples of how they are used in economics.
