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https://hdl.handle.net/1822/6845
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Campo DC | Valor | Idioma |
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dc.contributor.author | Conraria, Luís Aguiar | - |
dc.date.accessioned | 2007-08-17T21:12:30Z | - |
dc.date.available | 2007-08-17T21:12:30Z | - |
dc.date.issued | 2007-08-17T21:12:30Z | - |
dc.identifier.uri | https://hdl.handle.net/1822/6845 | - |
dc.description.abstract | Goodwin's Predator-Prey model is structurally unstable. In its pure form, the model has an equilibrium that is neither stable nor unstable. Ploeg showed that relaxing the hypothesis of fixed proportion technology would stabilize the equilibrium. On the other hand, Goodwin showed that the equilibrium becomes unstable when endogenous productivity growth is considered. This paper studies the consequences of considering both effects, and concludes that the stabilizing effect of a flexible technology is much stronger than the destabilizing effect of endogenizing labor productivity. | eng |
dc.language.iso | eng | eng |
dc.publisher | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) | eng |
dc.relation.ispartofseries | NIPE Working Paper series; 5 | eng |
dc.rights | openAccess | eng |
dc.subject | Business cycles | eng |
dc.subject | Nonlinear dynamics | eng |
dc.subject | Distributive conflict | eng |
dc.subject | Goodwin | eng |
dc.subject | Marxian Economics | eng |
dc.title | A note on the stability properties of goodwin's predator-prey model | eng |
dc.type | workingPaper | eng |
dc.peerreviewed | no | eng |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_5_2007.pdf | Documento principal | 448,89 kB | Adobe PDF | Ver/Abrir |