ARE THERE GOODWIN EMPLOYMENT-DISTRIBUTION CYCLES? INTERNATIONAL EMPIRICAL EVIDENCE
Goodwin´s predator-prey model predicts clockwise cycles in the employment-distribution space. Qualitative evidence is provided in favour of nonlinear dynamic behaviour for a sample of 67 countries, some of which have cycles similar to those predicted by the model. Predicted centres lie outside actua...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Nacional de Colombia
2010-12-01
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| Series: | Cuadernos de Economía |
| Subjects: | |
| Online Access: | http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S0121-47722010000200001&lng=en&tlng=en |