| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10481278 | Physica A: Statistical Mechanics and its Applications | 2013 | 16 Pages |
Abstract
⺠We discuss the empirical feasibility of Goodwin's macroeconomic model of growth with cycles. ⺠We use the individual income data of Brazil from 1981 to 2009. ⺠Variables of the Goodwin model are obtained using the Gompertz-Pareto distribution. ⺠The results show a partial qualitative and quantitative agreement with the model. ⺠We conclude that the Goodwin model must be improved in order to become a viable representation of real-world data.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
N.J. Jr., Marcelo B. Ribeiro,