Quantitative Evidence of Goodwins 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:	2010-09-22
Authors:	Molina, Mario Garcia ; Avila, Alba ; Massy, Ibrahim
Institutions:	UN - RCE - CID
Subject:	Predator - prey model \| Non - linear dynamic behavior \| Demand cycles \| Employment \| Distribution

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Series:	DOCUMENTOS DE TRABAJO - ESCUELA DE ECONOMÍA.
Type of publication:	Book / Working Paper
Language:	English
Notes:	1 pages long
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:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008642787