Testing Goodwin’s Growth Cycle Disaggregated Models: Evidence from the Input-Output Tables of the Greek Economy for the years 1988-1997

Nikolaos Rodousakis ()
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Nikolaos Rodousakis: Department of Public Administration, Panteion University, Athens, Greece

Bulletin of Political Economy, 2016, vol. 10, issue 2, 99-118

Abstract: This paper tests two of Goodwin’s growth cycle disaggregated models empirically, using data from the symmetric input-output tables of the Greek economy for the years 1988-1997. It is found from a qualitative as well as a quantitative point of view that both models are not adequate to describe the long-run workers’ share-employment rate trajectories of the Greek economy. However, in the medium-run analysis, the evidence presented here is more encouraging: at a qualitative level, one of the models considered is found to be adequate to describe the cyclical behaviour of the workers’ share and employment rate.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:10:y:2016:i:2:p:99-118

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