Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/7629

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dc.contributor.authorConraria, Luís Aguiar-
dc.date.accessioned2008-01-28T17:59:31Z-
dc.date.available2008-01-28T17:59:31Z-
dc.date.issued2008-
dc.date.submitted2007-
dc.identifier.issn0486-6134por
dc.identifier.urihttp://hdl.handle.net/1822/7629-
dc.description.abstractGoodwin'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.isoengeng
dc.publisherSAGE Publicationseng
dc.rightsopenAccesseng
dc.subjectBusiness cycleseng
dc.subjectNonlinear dynamicseng
dc.subjectDistributive conflicteng
dc.subjectGoodwineng
dc.subjectMarxianeng
dc.subjectBusiness cyclepor
dc.subjectMarxian economicspor
dc.titleA note on the stability properties of Goodwin's predator-prey modeleng
dc.typearticlepor
oaire.citationStartPage518por
oaire.citationEndPage523por
oaire.citationIssue4por
oaire.citationVolume40por
dc.identifier.doi10.1177/0486613408324074por
sdum.journalReview of Radical Political Economicspor
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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