Mariollis, Theodore (2012): Goodwin’s Growth Cycle Model with the Bhaduri-Marglin Accumulation Function.
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This paper incorporates the Bhaduri-Marglin accumulation function in Goodwin’s growth cycle model. It seems that, a priori, nothing unambiguous can be said about the dynamic behaviour of that extended system, since it depends crucially on two separate factors: (i) the form of the accumulation function; and (ii) the degree of capital heterogeneity.
|Item Type:||MPRA Paper|
|Original Title:||Goodwin’s Growth Cycle Model with the Bhaduri-Marglin Accumulation Function|
|Keywords:||Bhaduri-Marglin accumulation function; capital heterogeneity; Goodwin’s growth cycle model; Sraffian theory|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist; Marxian; Sraffian
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C67 - Input-Output Models
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium
|Depositing User:||Theodore Mariolis|
|Date Deposited:||18. Aug 2012 18:27|
|Last Modified:||14. Feb 2013 08:07|
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