Stable, cyclic and chaotic growth: The dynamics of a discrete-time version of Goodwin's growth cycle model

DOI10.1007/BF01283106zbMath0457.90017MaRDI QIDQ3907367

Matti Pohjola

Publication date: 1981

Published in: Zeitschrift für Nationalökonomie (Search for Journal in Brave)

zbMATH Keywords

discrete-time model; economic modelling; business cycle theory; Goodwin's growth cycle model; chaotic growth; cyclic growth; non-linear first-order difference equation; real wage bargaining equation; stable economic growth

Mathematics Subject Classification ID

93C55: Discrete-time control/observation systems

91B62: Economic growth models

Related Items

Local and global dynamics of Ramsey model: From continuous to discrete time, INTER‐CLASS TRANSFERS IN A GOODWIN‐TYPE GROWTH MODEL, Cyclical growth in a Goodwin-Kalecki-Marx model, Resolution of chaos with application to a modified Samuelson model, A Kolmogoroff generalized predator-prey model of Goodwin's growth cycle, The role of chaotic processes in econometric models, A dynamically consistent discretization method for Goodwin model, POST KEYNESIAN PERSPECTIVES AND COMPLEX ECOLOGIC-ECONOMIC DYNAMICS, Marx-Goodwin growth cycles in a two-sector economy

Cites Work

• The dynamics of density dependent population models
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• Period Three Implies Chaos
• Simple mathematical models with very complicated dynamics