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 modeleconomic modellingbusiness cycle theoryGoodwin's growth cycle modelchaotic growthcyclic growthnon-linear first-order difference equationreal wage bargaining equationstable economic growth

Mathematics Subject Classification ID

Discrete-time control/observation systems (93C55) Economic growth models (91B62)

Related Items (9)

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

Cites Work

• The dynamics of density dependent population models
• Snap-back repellers imply chaos in \(\mathbb{R}^n\)
• Period Three Implies Chaos
• Simple mathematical models with very complicated dynamics

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