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

Author

Listed:
  • K. Vela Velupillai
  • N. Dharmaraj

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.

Suggested Citation

  • K. Vela Velupillai & N. Dharmaraj, 2017. "Out-of-equilibrium traverse dynamics the time-to-build tradition," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 7(3), pages 213-224.
    • Handle: RePEc:ids:ijcome:v:7:y:2017:i:3:p:213-224
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