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Qualitative Analysis of the Goodwin Model of the Growth Cycle

Goodwin’s model is a set of ordinary differential equations and is a well- known model of the growth cycle. However, its four constants require an extensive numerical study of its two differential equations to identify all pos- sible unsteady state behaviors, i.e. phase portraits,...

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Publicat a:Revista de Métodos Cuantitativos para la Economía y la Empresa
Autors principals: Vladimir Serebriakov, Mirko Dohnal
Format: Artigo
Idioma:Inglês
Publicat: Universidad Pablo de Olavide 2017
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Accés en línia:https://www.redalyc.org/articulo.oa?id=233151826011
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