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Are there Goodwin employment-distribution cycles? International empirical evidence

Author

Listed:
  • Mario García Molina
  • Eleonora Herrera

Abstract

El modelo depredador-presa de Goodwin predice ciclos en el sentido del reloj en el planoempleo-distribución. Se presenta evidencia cualitativa de comportamiento no lineal parauna muestra de 67 países, algunos con ciclos como los de Goodwin. Los centrosestimados yacen por fuera de los ciclos observados. El tipo de ciclo (en el sentido delreloj, contrario o atípico) parece relacionarse con el tipo de capitalismo del país.Economías con capitalismo de mercado o europeo, y las economías en transición nopresentan ciclos de demanda; los países en desarrollo con capitalismo mediterráneo nopresentan ciclos de Goodwin.

Suggested Citation

  • Mario García Molina & Eleonora Herrera, 2010. "Are there Goodwin employment-distribution cycles? International empirical evidence," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, December.
    • Handle: RePEc:col:000093:007830
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    File URL: http://www.fce.unal.edu.co/media/files/documentos/Cuadernos/53/v29n53_garcia.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2008. "Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program," World Bank Publications - Books, The World Bank Group, number 21558, December.
    2. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    3. Nelson H. Barbosa‐Filho & Lance Taylor, 2006. "Distributive And Demand Cycles In The Us Economy—A Structuralist Goodwin Model," Metroeconomica, Wiley Blackwell, vol. 57(3), pages 389-411, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Moura, N.J. & Ribeiro, Marcelo B., 2013. "Testing the Goodwin growth-cycle macroeconomic dynamics in Brazil," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(9), pages 2088-2103.
    2. Duque Garcia, Carlos Alberto, 2022. "Ciclos económicos, inversión y rentabilidad del capital en Colombia: un análisis de series de tiempo [Economic cycles, investment and profits in Colombia: a time-series analysis]," MPRA Paper 113272, University Library of Munich, Germany.
    3. Matheus R. Grasselli & Aditya Maheshwari, 2018. "Testing a Goodwin model with general capital accumulation rate," Papers 1803.01536, arXiv.org.

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    More about this item

    Keywords

    modelo depredador-presa; comportamiento no lineal; ciclos de demanda; ciclos de crecimiento.;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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