Araújo, Ricardo Azevedo; Moreira, Helmar Nunes - In: Nonlinearities in economics : an interdisciplinary …, (pp. 295-313). 2021
We present an extension of the Goodwin growth-cycle model that considers the rate of capacity utilization as a new … cyclical pattern for employment rate, profit share, and capacity utilization. After studying the obtained model from a … the employment rate and the rate of capacity utilization, suggesting a profit-led pattern. These results support the …