A note on the stability properties of Goodwin's predator-prey model

doi:10.1177/0486613408324074

Utilize este identificador para referenciar este registo: https://hdl.handle.net/1822/7629

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Campo DC	Valor	Idioma
dc.contributor.author	Conraria, Luís Aguiar	-
dc.date.accessioned	2008-01-28T17:59:31Z	-
dc.date.available	2008-01-28T17:59:31Z	-
dc.date.issued	2008	-
dc.date.submitted	2007	-
dc.identifier.issn	0486-6134	por
dc.identifier.uri	https://hdl.handle.net/1822/7629	-
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.description.sponsorship	(undefined)	por
dc.language.iso	eng	eng
dc.publisher	SAGE Publications	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	eng
dc.subject	Business cycle	por
dc.subject	Marxian economics	por
dc.title	A note on the stability properties of Goodwin's predator-prey model	eng
dc.type	article	por
oaire.citationStartPage	518	por
oaire.citationEndPage	523	por
oaire.citationIssue	4	por
oaire.citationVolume	40	por
dc.identifier.doi	10.1177/0486613408324074	por
sdum.journal	Review of Radical Political Economics	por
Aparece nas coleções:	NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica