Araújo, Ricardo Azevedo; Moreira, Helmar Nunes - In: Nonlinearities in economics : an interdisciplinary …, (pp. 295-313). 2021
We present an extension of the Goodwin growth-cycle model that considers the rate of capacity utilization as a new … utilization that is proportional to the difference between the output expansion function and capital accumulation. With this … cyclical pattern for employment rate, profit share, and capacity utilization. After studying the obtained model from a …