IDEAS home Printed from https://ideas.repec.org/a/anp/econom/v17y20163324_339.html
   My bibliography  Save this article

Goodwin cycles and the BoPC growth paradigm: A macrodynamic model of growth and fluctuations

Author

Listed:
  • Marwil J. Dávila-Fernández

    (Università degli Studi di Siena (UNISI), Italy)

  • Gilberto A. Libânio

    (Universidade Federal de Minas Gerais (UFMG), Brazil Abstract The paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, technological progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime and the distributive conflict generates cyclical paths a la Goodwin. In the long-term, output growth rate is constrained by the balance of payments a la Thirlwall, in which the elasticities of foreign trade are modeled as a function of the complex relation between the wage-share and the innovation capabilities of theeconomyn)

Abstract

No abstract is available for this item.

Suggested Citation

  • Marwil J. Dávila-Fernández & Gilberto A. Libânio, 2016. "Goodwin cycles and the BoPC growth paradigm: A macrodynamic model of growth and fluctuations," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 17(3), pages 324-339.
    • Handle: RePEc:anp:econom:v:17:y:2016:3:324_339
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1517758016300273
    Download Restriction: no
    File URL: http://ac.els-cdn.com/S1517758015300229/1-s2.0-S1517758015300229-main.pdf?_tid=17630900-0f4d-11e7-b541-00000aacb361&acdnat=1490221123_a401397db18af9b013e10240f1c4e787
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Cyclical growth; Goodwin cycles; Distributive cycles; Thirlwall's law; Balance of payments constraint;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:econom:v:17:y:2016:3:324_339. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rodrigo Zadra Armond (email available below). General contact details of provider: https://edirc.repec.org/data/anpecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.