M Cauvel - European Journal of Economics and Economic …, 2022 - elgaronline.com
This paper examines the relationship between aggregate demand and the wage share in the US using a vector autoregression methodology. It finds evidence of Goodwin-cycle …
JC Guijarro, L Vera - Structural Change and Economic Dynamics, 2022 - Elsevier
This study offers a model that formalizes some of Marx's insights about how capital accumulation generates contradictions that may reproduce never-ending cycles of booms …
Este trabajo reinterpreta algunas intuiciones de Marx mediante un modelo de ciclos endógenos en tres dimensiones: tasa de empleo, participación salarial e intensidad del …
FY Rodríguez, AP Muñuzuri - Entropy, 2023 - mdpi.com
The global economy cannot be understood without the interaction of smaller-scale economies. We addressed this issue by considering a simplified economic model that still …
This paper extends the Goodwin model of distributive cycles by incorporating the simultaneous endogeneity of technical change and labor supply within a classical-Marxian …
The Keen model is designed to represent an economy as a dynamic system governed by the interactions between private debt, wage share, and employment rate. When certain …
R Franke, J Kukacka, S Sacht - Macroeconomic Dynamics, 2022 - cambridge.org
An article published in 2018 by JD Hamilton gained significant attention due to its provocative title,“Why you should never use the Hodrick-Prescott filter.” Additionally, an …
RA Araujo, HN Moreira - … in Economics: An Interdisciplinary Approach to …, 2021 - Springer
We present an extension of the Goodwin growth-cycle model that considers the rate of capacity utilization as a new variable in an adapted Lotka–Volterra system of differential …
Neo-Goodwinian theory builds on and extends the classical growth cycle (Goodwin, 1967). It facilitates investigation of short run business cycles and long run economic growth in a …