I discuss some theoretical and empirical points about the Goodwin model. First, I offer a simple proof that solution … trajectories around the stable critical point in the Goodwin model are closed orbits but not limit cycles. Moreover, in a … neighborhood of the stable critical point, the closed orbits are ellipses. Second, I compare the predictions of the Goodwin model …

I discuss some theoretical and empirical points about the Goodwin model. First, I offer a simple proof that solution … trajectories around the stable critical point in the Goodwin model are closed orbits but not limit cycles. Moreover, in a … neighborhood of the stable critical point, the closed orbits are ellipses. Second, I compare the predictions of the Goodwin model …

Goodwin's model is a set of ordinary differential equations and is a well-known model of the growth cycle. However, its … constants. Qualitative interpretation of Goodwin's model solves these problems by replacing all numerical constants and all … share U. A solution of the qualitative Goodwin's model is a scenario. An example of a Goodwin's scenario is - V is …

Goodwin's model is a set of ordinary differential equations and is a well-known model of the growth cycle. However, its … constants. Qualitative interpretation of Goodwin's model solves these problems by replacing all numerical constants and all … share U. A solution of the qualitative Goodwin's model is a scenario. An example of a Goodwin's scenario is - V is …

use two models : the classical Goodwin model (1967) and the Bhaduri-Marglin model (1990), which also focuses on the links … between income distribution and growth, but in a Keynesian frame. We introduce Keynesian demand constraints within the Goodwin … model and modify its investment function, which becomes non-linear. With these new hypotheses, we show that Goodwin cycles …