Out-of-equilibrium traverse dynamics the time-to-build tradition
by K. Vela Velupillai; N. Dharmaraj
International Journal of Computational Economics and Econometrics (IJCEE), Vol. 7, No. 3, 2017

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.

Online publication date: Mon, 10-Jul-2017

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