A Growth Cycle

R. M. Goodwin

Chapter 12 in Essays in Economic Dynamics, 1982, pp 165-170 from Palgrave Macmillan

Abstract: Abstract Presented here is a starkly schematised and hence quite unrealistic model of cycles in growth rates. This type of formulation now seems to me to have better prospects than the more usual treatment of growth theory or of cycle theory, separately or in combination. Many of the bits of reasoning are common to both, but in the present paper they are put together in a different way.

Keywords: Labour Supply; Wage Rate; Real Wage; Growth Cycle; Full Employment (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-05504-3_12

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