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

Authors: K. Vela Velupillai; N. Dharmaraj

Addresses: Tottvägen 11 (1 tr), Solna, 169 54, Sweden ' Hubbell India, Burndy Technology & Global Business Services Pvt., Ltd., Ascendas IT Park, Tharamani, Chennai, 600 113, India

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.

DOI: 10.1504/IJCEE.2017.085013

International Journal of Computational Economics and Econometrics, 2017 Vol.7 No.3, pp.213 - 224

Received: 14 May 2015
Accepted: 07 Jan 2016
Published online: 10 Jul 2017 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article