Serebriakov, Vladimir; Dohnall, Mirko - In: Revista de métodos cuantitativos para la economía y … 23 (2017), pp. 223-233
Goodwin's model is a set of ordinary differential equations and is a well-known model of the growth cycle. However, its four constants require an extensive numerical study of its two differential equations to identify all possible unsteady state behaviors, i.e. phase portraits, which corresponds...