a1 Department of Computer and Mathematical Sciences, University of Houston-Downtown, Houston, Texas 77002, USA; e-mail: firstname.lastname@example.org and email@example.com.
a2 Department of Economics, Lebanese American University, Byblos, Lebanon; e-mail: firstname.lastname@example.org.
a3 Department of Computer Science, Mathematics and Statistics, AUS, UAE.
In this paper we present a Kaleckian-type model of a business cycle based on a nonlinear delay differential equation. A numerical algorithm based on a decomposition scheme is implemented for the approximate solution of the model. The numerical results of the underlying equation show that the business cycle is stable.
(Received November 15 2001)
(Revised February 13 2002)