Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence

Universidad Nacional, Escuela de Economía Documento FCE No. EE - 3

34 Pages Posted: 25 Jun 2008 Last revised: 11 Sep 2008

See all articles by Mario García Molina

Mario García Molina

National University of Colombia - Department of Economics

Eleonora Herrera

Universidad Antonio Nariño

Date Written: June 23, 2008

Abstract

Goodwin's predator prey model predicts cycles in the employment distribution space. After the Cambridge capital controversies this particular model can not be seen as theoretically consistent. However, evidence is provided in favour of non-linear dynamic behaviour for a sample of 67 countries, some of which have cycles similar to those predicted by the model.

Keywords: predator prey model, non-linear dynamic behavior, demand cycles

JEL Classification: E32, E19, O47

Suggested Citation

García Molina, Mario and Herrera, Eleonora, Are There Goodwin Employment-Distribution Cycles? Theoretical and Empirical Evidence (June 23, 2008). Universidad Nacional, Escuela de Economía Documento FCE No. EE - 3. Available at SSRN: https://ssrn.com/abstract=1150204 or http://dx.doi.org/10.2139/ssrn.1150204

Mario García Molina (Contact Author)

National University of Colombia - Department of Economics ( email )

Carrera 30 Calle 45 Ciudad Universitaria
Bogotá
Colombia

HOME PAGE: http://www.unal.edu.co

Eleonora Herrera

Universidad Antonio Nariño ( email )

Calle 58A No. 37-94 Of. 202 E
Bogotá, Cundinamarca
Colombia

HOME PAGE: http://www.uan.edu.co

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