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

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.

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Year of publication:	2012-08-18
Authors:	Mariollis, Theodore
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Bhaduri-Marglin accumulation function \| capital heterogeneity \| Goodwin’s growth cycle model \| Sraffian theory

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B51 - Socialist; Marxian; Sraffian ; E32 - Business Fluctuations; Cycles ; C67 - Input-Output Models ; C62 - Existence and Stability Conditions of Equilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011257992