Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence
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.
|Date of creation:||14 May 2008|
|Date of revision:|
|Contact details of provider:|| |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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, 07.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2000.
"The Colonial Origins of Comparative Development: An Empirical Investigation,"
NBER Working Papers
7771, National Bureau of Economic Research, Inc.
- 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.
- A. B. Atkinson, 1969. "The Timescale of Economic Models: How Long is the Long Run?," Review of Economic Studies, Oxford University Press, vol. 36(2), pages 137-152.
- Harvie, David, 2000. "Testing Goodwin: Growth Cycles in Ten OECD Countries," Cambridge Journal of Economics, Oxford University Press, vol. 24(3), pages 349-76, May.
- Velupillai, K, 1998. "Richard M. Goodwin 1913-1996," Economic Journal, Royal Economic Society, vol. 108(450), pages 1436-49, September.
When requesting a correction, please mention this item's handle: RePEc:col:000178:004685. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Facultad de Ciencias Económicas Unal)
If references are entirely missing, you can add them using this form.