Goodwin’s Growth Cycle Model with the Bhaduri-Marglin Accumulation Function

Theodore Mariollis
Authors registered in the RePEc Author Service: Theodore Mariolis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper incorporates the Bhaduri-Marglin accumulation function in Goodwin’s growth cycle model. It seems that, a priori, nothing unambiguous can be said about the dynamic behaviour of that extended system, since it depends crucially on two separate factors: (i) the form of the accumulation function; and (ii) the degree of capital heterogeneity.

Keywords: Bhaduri-Marglin accumulation function; capital heterogeneity; Goodwin’s growth cycle model; Sraffian theory (search for similar items in EconPapers)
JEL-codes: B51 C62 C67 E32 (search for similar items in EconPapers)
Date: 2012-08-18
New Economics Papers: this item is included in nep-pke
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Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/87579/1/MPRA_paper_40738.pdf revised version (application/pdf)

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