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

Nikolaos Rodousakis

MPRA Paper from University Library of Munich, Germany

Abstract: This paper tests empirically the well-known Goodwin’s ‘growth cycle’ disaggregated models, using data from the symmetric input-output table of the Greek economy for the year 1988. It is found that from qualitative as well as quantitative point of view, 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 are more encouraging: at qualitative level, one of the two Goodwin’s models is found to be adequate to describe the dynamic behavior of the workers’ share and employment rate.

Keywords: Business cycles; Disaggregated models; Input-output tables; Principal coordinates (search for similar items in EconPapers)
JEL-codes: C67 D57 E24 E32 (search for similar items in EconPapers)
Date: 2010-07-31
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24171

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