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Testing Goodwin’s Growth Cycle Disaggregated Models: Evidence from the Input-Output Tables of the Greek Economy for the years 1988-1997

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  • Nikolaos Rodousakis

    (Department of Public Administration, Panteion University, Athens, Greece)

Abstract

This paper tests two of Goodwin’s growth cycle disaggregated models empirically, using data from the symmetric input-output tables of the Greek economy for the years 1988-1997. It is found from a qualitative as well as a quantitative point of view that both models are not adequate to describe the long-run workers’ share-employment rate trajectories of the Greek economy. However, in the medium-run analysis, the evidence presented here is more encouraging: at a qualitative level, one of the models considered is found to be adequate to describe the cyclical behaviour of the workers’ share and employment rate.

Suggested Citation

  • Nikolaos Rodousakis, 2016. "Testing Goodwin’s Growth Cycle Disaggregated Models: Evidence from the Input-Output Tables of the Greek Economy for the years 1988-1997," Bulletin of Political Economy, Bulletin of Political Economy, vol. 10(2), pages 99-118, December.
    • Handle: RePEc:awu:journl:v:10:y:2016:i:2:p:99-118
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    References listed on IDEAS

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