Abstract
Presented here is a starkly schematised and hence quite unrealistic model of cycles in growth rates. This type of formulation now seems to me to have better prospects than the more usual treatment of growth theory or of cycle theory, separately or in combination. Many of the bits of reasoning are common to both, but in the present paper they are put together in a different way.
Presented at the First World Congress of the Econometric Society, held in Rome, 1965.
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© 1982 R. M. Goodwin
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Goodwin, R.M. (1982). A Growth Cycle. In: Essays in Economic Dynamics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05504-3_12
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DOI: https://doi.org/10.1007/978-1-349-05504-3_12
Publisher Name: Palgrave Macmillan, London
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