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Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries,...
Persistent link: https://www.econbiz.de/10012723942
Goodwin's predator-prey model predicts clockwise cycles in the employment–distribution space. Qualitative evidence is provided in favour of nonlinear dynamic behaviour for a sample of 67 countries, some of which have cycles similar to those predicted by the model. Predicted centres lie outside...
Persistent link: https://www.econbiz.de/10013131341
Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries,...
Persistent link: https://www.econbiz.de/10005196670
El modelo depredador-presa de Goodwin predice ciclos en el sentido del reloj en el planoempleo-distribución. Se presenta evidencia cualitativa de comportamiento no lineal parauna muestra de 67 países, algunos con ciclos como los de Goodwin. Los centrosestimados yacen por fuera de los ciclos...
Persistent link: https://www.econbiz.de/10008802499