Análisis de una generalización del modelo de crecimiento cíclico de Goodwin

  1. Falagán Mota, Jorge
Aldizkaria:
Cuadernos de economía: Spanish Journal of Economics and Finance

ISSN: 2340-6704 0210-0266

Argitalpen urtea: 2002

Alea: 25

Zenbakia: 70

Orrialdeak: 359-382

Mota: Artikulua

Beste argitalpen batzuk: Cuadernos de economía: Spanish Journal of Economics and Finance

Laburpena

Gomblowski and Krüger (1986) introduce several generalizations in the Goodwin's model of cyclical growth (1967), obtaining interesting results on the stability and the period of the economic cycle. The objective of our article is improve the contribution of Gomblowski and Krüger introducing new investment function and money wage bargaining equation that seem more adequate to the economic reality. With these modifications are obtained cycles from 12-13 years and is observed that the consideration of the effect of hysteresis in the bargaining of the money wage as well as the money illusion existence have a stabilizing effect on the economic system.