Quantitative evidence of Goodwin’s non-linear growth cycles

Mario García-Molina, Alba Avila and Ibrahim Massy

Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: The article searches for quantitative evidence in favor of an extended version of Goodwin´s predator-prey model of endogenous distribution-employment cycles for 16 countries. The model is extended to include several harmonics in both series. The model fits all the observations both within sample and out of sample for half of the countries, with a 10% error, and for 4 countries with a 5% error. This suggests that the model may be useful in empirical work

Keywords: Predator – prey model; Non – linear dynamic behavior; Demand cycles; Employment; Distribution (search for similar items in EconPapers)
JEL-codes: C10 E19 E32 O47 (search for similar items in EconPapers)
Pages: 15
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://fce.unal.edu.co/media/files/documentos/Com ... ntos-economia-15.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000176:022990

Access Statistics for this paper

More papers in Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID Contact information at EDIRC.
Bibliographic data for series maintained by Facultad de Ciencias Económicas Unal ().