This paper investigates Goodwin's Lotka–Volterra model in disaggregative form. Contrary to the known literature, it is found that both the economic significance and the dynamic behaviour of the model depend on the eigenvalues of the material input coefficients matrix

This paper tests empirically the well-known Goodwin’s ‘growth cycle’ disaggregated models, using data from the symmetric input-output table of the Greek economy for the year 1988. It is found that from qualitative as well as quantitative point of view, both models are not adequate to...

This paper investigates Goodwin’s Lotka-Volterra model in disaggregative form. It is found that the dynamic behavior of the model depends on the material input coefficients matrix.

This article investigates the stability properties of the well-known Goodwin’s growth cycle model, when a production function with variable elasticity of substitution is considered. It is found that the latter amounts to the introduction of a dampening effect; hence, the equilibrium...