Szydłowski, Marek; Krawiec, Adam - In: Review of Political Economy 16 (2004) 4, pp. 501-506
Building on a contribution by Paul Zak, we consider the modified Solow model with a time lag introduced in the Kaleckian spirit. This model produces endogenous cycles that can be interpreted as economic fluctuations. For reasonable parameter values it can generate empirically relevant cyclic...