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Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence

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  • Mario García Molina
  • Eleonora Herrera

Abstract

Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries, some of which have cycles similar to those predicted by the model.

Suggested Citation

  • Mario García Molina & Eleonora Herrera, 2008. "Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence," Documentos de Trabajo, Escuela de Economía 4685, Universidad Nacional de Colombia, FCE, CID.
    • Handle: RePEc:col:000178:004685
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    File URL: http://www.fce.unal.edu.co/centro-editorial/docs/escuela-de-economia/3-are-there-goodwin-employment-distribution-cycles-theoretical-and-empirical-evidence
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    References listed on IDEAS

    as
    1. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    2. Harvie, David, 2000. "Testing Goodwin: Growth Cycles in Ten OECD Countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(3), pages 349-376, May.
    3. A. B. Atkinson, 1971. "The Timescale of Economic Model How Long is the Long Run?," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 19, pages 248-263, Palgrave Macmillan.
    4. 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.
    5. Velupillai, K, 1998. "Richard M. Goodwin 1913-1996," Economic Journal, Royal Economic Society, vol. 108(450), pages 1436-1449, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    modelo predador-presa; comportamiento dinámico no lineal; ciclos de demanda;
    All these keywords.

    JEL classification:

    • 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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