Purpose – The purpose of this paper is to present a non-linear Hicks model of the cycle, based on Keynesian theory and economic dynamics. Design/methodology/approach – Using the proposed approach, the paper puts forward a simple method for its empirical estimation based on nonlinear least...

Purpose – The purpose of this paper is to present a non‐linear Hicks model of the cycle, based on Keynesian theory and economic dynamics. Design/methodology/approach – Using the proposed approach, the paper puts forward a simple method for its empirical estimation based on nonlinear least...