Quantitative Evidence of Goodwin’s Non-Linear Growth Cycles

The article searches for quantitative evidence in favor of an extended version of Goodwin´s predator-prey model of endogenous distribution-employment cycles for 16 countries. The model is extended to include several harmonics in both series. The model fits all the observations both within sample and out of sample for half of the countries, with a 10% error, and for 4 countries with a 5% error. This suggests that the model may be useful in empirical work

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Year of publication:	2010
Authors:	García Molina, Mario
Other Persons:	Ávila Bernal, Alba Graciela (contributor) ; Massy, Ibrahim (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Konjunktur \| Business cycle \| Konjunkturtheorie \| Business cycle theory \| Wachstumstheorie \| Growth theory

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Extent:	1 Online-Ressource (15 p)
Series:	Universidad Nacional de Colombia Documento FCE ; No. EE-15
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2010 erstellt
Other identifiers:	10.2139/ssrn.1686039 [DOI]
Classification:	C10 - Econometric and Statistical Methods: General. General ; E32 - Business Fluctuations; Cycles ; E19 - General Aggregative Models. Other ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013137569