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factors. This paper works out a simple model that couples a version of Goodwin׳s (1967) growth cycle model of real … insights from Goodwin and Minsky within a model of fluctuating growth. In the real part of the modelwe introduce the …
Persistent link: https://www.econbiz.de/10011077511
In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in...
Persistent link: https://www.econbiz.de/10011051979
Persistent link: https://www.econbiz.de/10005229391
Persistent link: https://www.econbiz.de/10005205246