Out-of-equilibrium traverse dynamics the time-to-build tradition

K. Vela Velupillai and N. Dharmaraj

International Journal of Computational Economics and Econometrics, 2017, vol. 7, issue 3, 213-224

Abstract: An attempt is made, in this paper, to place the fundamental contribution of Amendola and Gaffard on Out-of-Equilibrium Traverse Dynamics in the broad tradition of time-to-build business cycle theory. Since the Amendola-Gaffard approach places primary importance on the epistemology of simulation, i.e., numerical experiments, a further attempt is made to place this innovative stance in the framework of computable economics. The result is formal, non-equilibrium, non-stochastic dynamics that is theoretically amenable to simulational induction.

Keywords: Amendola and Gaffard; out-of-equilibrium traverse dynamics; recursive sets; recursively enumerable sets; time-to-build business cycle; simulation; numerical experiments; computational economics. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcome:v:7:y:2017:i:3:p:213-224

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