Browsing School of Business and Economics by Author "Velupillai, K.V."

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    • The Foundations of Computable General EquilibriumTheory 

      Velupillai, K.V. (National University of Ireland, Galway, 2005)
      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 ...

    • The impossibility of an Effective Theory of Policy in a Complex Economy 

      Velupillai, K.V. (National University of Ireland, Galway, 2005)
      It is shown that for a 'complex economy', characterised in terms of a formal dynamical system capable of computation universality, it is impossible to devise an effective theory of policy.

    • Morishima's Nonlinear Model of the Cycle: Simplifications and Generalizations 

      Velupillai, K.V. (National University of Ireland, Galway, 2005)
      Michio Morishima's nonlinear model of the trade cycle (Morishima, 1958) is simplified and generalized to show, by means of the Andronov-Hopf bifurcation theorem, the existence of a periodic orbit. In addition, an attempt ...

    • Using and Producing Ideas in Computable Endogenous Growth 

      Velupillai, K.V. (National University of Ireland, Galway, 2005)
      Using and Producing Ideas in Computable Endogenous Growth It is shown that Paul Romer's suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a ...