Contrary to the view that complex dynamical systems are curiosities at a safe distance from core tenets of economics, it is shown that they undermine a few fundamental constructs and models. The long run macroeconomic ...

We examine the most likely strategy of product differentiation by newly entering multinational firms when market reforms begin in a developing economy. We argue that incumbents in a non-contestable protected market do not ...

By international standards, New Zealand’s recent business cycle fluctuations are remarkably volatile. Some bivariate regularities observed in developed economies are weak and sometime uncertain. Are these features endemic ...