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The Foundations of Computable General EquilibriumTheory

  • K. Vela Velupillai

    (Department of Economics, National University of Ireland, Galway)

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    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

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    Paper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 0093.

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    Date of creation: 2005
    Date of revision: 2005
    Handle: RePEc:nig:wpaper:0093
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