The main messages of the contribution in five points are the following: (1) Besides temporal relations of sustainability, we also have to underline the importance of the spatial context of it. (2) It is the internal network of a region that helps to preserve the structure and the existing...

The paper collects arguments to present that the consumption- and emission characteristics of the rail and inland navigation modes are very close to each other. Considering that these modes are able to transport more or less the same groups of goods, it is a much better way to develop them...

The article adapts and develops the network-based analysis of the transport connections to the Hungarian road network. Based on the mutual road distance of 48 Hungarian cities from each other, the author calculates the average distance of each city from the others, the average bee-line...

This paper aims to examine how technical infrastructure networks may contribute to improving the competitiveness of the Hungarian economy. Consequently, our main question will be to establish how certain networks or sectors can promote competitiveness of the entire economy rather than how they...

The main messages of the paper in four points are the following: (1) The environmental target for 2050 (sixty percent emission decrease, oil dependence decrease) is a very progressive vision, clear target. (2) The tools to achieve these objectives are sometimes still contradictory in the White...

The author analyses the expected future trends of inland waterways fright in this article, especially relating the river Danube. The survey done couldn't ease author's suspicion that configuration of the Danube for a bigger waterway doesn't justify but modest investments from economic point of...

The Hungarian National Strategy of Sustainable Development is under preparation. The document is based on twenty different sectoral studies. This paper is a short version of the study on sustainable transport. As for proposed strategies, the paper suggests actions on the demand side of the...

In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...

Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...

Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital structure research, which, in our view, are...