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.
| Original language | English |
|---|---|
| Pages (from-to) | 213-224 |
| Number of pages | 12 |
| Journal | International Journal of Computational Economics and Econometrics |
| Volume | 7 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2017 |
| Externally published | Yes |
Keywords
- Out-of-equilibrium
- Recursive and recursively enumerable sets
- Simulation numerical experiments
- Time-to-build
- Traverse dynamics
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