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Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence

Mario García Molina and Eleonora Herrera-Medina ()

No 4685, Documentos de Trabajo, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries, some of which have cycles similar to those predicted by the model.

Keywords: modelo predador-presa; comportamiento dinámico no lineal; ciclos de demanda (search for similar items in EconPapers)
JEL-codes: E19 E32 O47 (search for similar items in EconPapers)
Pages: 34
Date: 2008-05-14
New Economics Papers: this item is included in nep-lab and nep-pke
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