This paper argues that agent-based modeling’s innovations in method developed in terms of simulation techniques also involve an innovation in economic methodology. It shows how Epstein’s generative science conception departs from conventional methodological reasoning, and employs what I term...

The paper reports on multiplier analysis of comparable Social Accounting Matrices for Russia and China. The benchmark is around 1990, which constitutes a crucial year in the transition of the two countries to mixed market-state economies. The relative sizes of the two economies have reversed...

Land use and crop production in the Khorezm region in western Uzbekistan, exemplarily for the irrigated low-lands of Central Asia, is adversely affected by the excessive, non-sustainable use of irrigation water on one hand, repeated droughts on the other hand, and by soil degradation by...

Computational simulation models are widely used in the field of agricultural economics for a variety of tasks, particularly for evidence-based policy analysis. Despite the substantial and continuing growth of computing power and speed, the growing complexity together with the implicit nature of...

The paper starts with a basic undetermined model that specifies four principle actors: landlords, peasants, the non-agricultural sector, and the government. Peasants and landlords are assumed to behave differently according to their own separate institutional attitudes, production function,...

The Netherlands experience with the use of fiscal policy in times of low growth is often quoted as an example of the better performing experiences, also renamed as the ‘Dutch miracle'. This has been generally true for the Netherlands since the 1980's, when compared to other countries. The...