کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099949 | 1478708 | 2006 | 10 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
A clarification of the Goodwin model of the growth cycle
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موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: A clarification of the Goodwin model of the growth cycle A clarification of the Goodwin model of the growth cycle](/preview/png/5099949.png)
چکیده انگلیسی
We show that there is a difficulty in the original Goodwin model which is also found in some more recent applications. In it both the labour share and the proportion employed can exceed unity, properties which are untenable. However, we show that the underlying dynamic structure of the model can be reformulated to ensure that these variables cannot exceed unity. An illustrative example extends the original model, and we argue it is both plausible and satisfies the necessary unit box restrictions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 30, Issue 12, December 2006, Pages 2661-2670
Journal: Journal of Economic Dynamics and Control - Volume 30, Issue 12, December 2006, Pages 2661-2670
نویسندگان
Meghnad Desai, Brian Henry, Alexander Mosley, Malcolm Pemberton,