A Goodwin type cyclical growth model with two-time delays

Mario Sportelli and Luigi De Cesare

Structural Change and Economic Dynamics, 2022, vol. 61, issue C, 95-102

Abstract: In this paper, we reconsider the Goodwin 1967 growth-cycle model, where the antagonistic relationship between wages and profits is assimilated to the prey-predator conflict modeled by Volterra in 1931.

Keywords: Growth cycle; Delayed investments; Stability switch; Hopf bifurcation; DDEs (search for similar items in EconPapers)
JEL-codes: C62 C65 E32 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:61:y:2022:i:c:p:95-102

DOI: 10.1016/j.strueco.2022.02.002

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