In this paper a new approach to the analysis of the dynamics of economies is presented; applications to time series will also be suggested. In such applications, computational experiments may play a central role to provide a different heuristics and to explore data information. The approach is...

In this paper we present a formal definition of the notions of economic regime and regime dynamics. Starting from these definitions, we discuss a multiple regime dynamic model generating an endogenous unemployment-price adjustment mechanism. Two different employment regimes are introduced and...

The paper studies the macroeconomic effects of an increase in tourism demand due to an exogenous increase in foreigner's income one the one hand and due to marketing activities in tourism of a small country that specializes completely in tourism production. Using a dynamic general equilibrium...