The multiplier/accelerator discretely revisited / R.M. Goodwin -- Harrodian macrodynamics in generalized coordinates / L. Punzo -- Applications of mathematics to the Goodwin model / G. Ricci -- Learning by doing and cyclical growth / V. De Nicolo -- The occurrence of erratic fluctuations in...

This paper presents a classical-Keynesian one sector model of labor-constrained growth that explains secular stagnation as the result of structural change. Structural change is defined as an exogenous increase in the employment share of stagnant activities, which exhibit no or low labor...