Consecuencias de la introducción de la teoría insider-outsider dentro del modelo de crecimiento cíclico de Goodwin
ISSN: 0210-0266
Ano de publicación: 1995
Volume: 23
Número: 67
Páxinas: 435-461
Tipo: Artigo
Outras publicacións en: Cuadernos de economía: Spanish Journal of Economics and Finance
Resumo
In the Goodwin's model (1967) of cyclical growth is observed that is produced a conflict of interest between the workers employed and the unemployed. Since the theory insider-outsider referred to the labour market analyses the consequences of this conflict and, furthermore, it seems to represent adequately the salary negotiation process that takes place in the European countries, we incorporate within Goodwin's model the postulates of this theory. This modification alters the qualitative characteristics of the original model that, though continues being stable, abandons his characteristic movement of closed orbits about the equilibrium due to the presence of histeresis in the labour market.