Article ID Journal Published Year Pages File Type
4636882 Applied Mathematics and Computation 2006 10 Pages PDF
Abstract

A constructive and recursion theoretic analysis of the standard computable general equilibrium (CGE) model of economic theory is undertaken. It is shown, contrary to widely expressed views and textbook versions of the CGE model, that the standard CGE model is neither computable nor constructive in the strict mathematical senses.

Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
Authors
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