Downloadable! This paper extends the two-dimensional Goodwin model of distributive cycles by incorporating endogenous technical change, inspired on some insights originally formulated by Marx. We introduce a three-dimensional dynamical system, expanding the model to include wage share, employment rate, and capital-output ratio as state variables.
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proven the existence of limit cycles in three-dimensional extensions of the Goodwin (1967) model by using the Hopf bifurcation theorem, by considering the capital-output ratio as an …
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Goodwin's predator-prey model of economic growth and perpetual class struggle is extended to allow for (i) differential savings, (ii) the effects of productivity upon the real wage …
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This paper extends the two-dimensional Goodwin model of distributive cycles by incorporating endogenous technical change, inspired on some insights originally formulated by …
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This paper extended the Goodwin model to explore the simultaneous endogeneity of technical change (labor productivity and mechanization) and labor supply within a classical-Marxian framework. Drawing from Marxian insights, the paper reinterpreted the induced innovation hypothesis, suggesting that firms optimize mechanization to maximize cost ...
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Extended Goodwin model integrates endogenous technological change and labor supply. Reinterpretation of induced innovation in terms of mechanization. Application of 3D-Hopf bifurcation theorem reveals limit cycle dynamics.
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This paper extends the Goodwin model of distributive cycles by incorporating the simultaneous endogeneity of technical change and labor supply within a classical-Marxian framework.
WhatsApp: +86 18221755073
Ben has a wide range of experience in the hospitality industry. Before joining Goodwin, his career included 10-plus years in Beverage Operations and 7 years in Beverage Sales Consulting. Ben has an AS in Culinary Arts from Sullivan University and a BS in Criminal Justice from theUniversity of Louisville.
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briefly reviews the Goodwin model with general capital accumulation rate formulated by Grasselli and Maheshwari (2018), which serves as a baseline. Section 3 presents the extended version …
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This paper extends the two-dimensional Goodwin model of distributive cycles by incorporating endogenous technical change, inspired on some insights originally formulated by Marx. We …
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Semantic Scholar extracted view of "An Extended Goodwin Model with Endogenous Technical Change and Labor Supply" by John Cajas Guijarro
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Downloadable (with restrictions)! This paper extends the Goodwin model of distributive cycles by incorporating the simultaneous endogeneity of technical change and labor supply within a classical-Marxian framework. It reinterprets induced innovation, suggesting that firms optimize mechanization to maximize cost reduction, obtaining a micro-founded relationship between …
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The product range offered by Goodwin has now been extended to include a selection of high performance Axial Isolation and Control Valves. Several years of Research, Design and Testing has been carried out to bring these products to market, with international patents pending for innovative design features.
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