Existence and uniqueness of growth cycles in post Keynesian systems

C-Tier
Journal: Economic Modeling
Year: 2018
Volume: 75
Issue: C
Pages: 293-304

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we explore the existence and uniqueness of a limit cycle (or of a growth cycle) in a post Keynesian system in which investment is determined by the expected rate of profit. We find that a periodic orbit appears if the marginal effect of the expected rate of profit on investment is strong enough and that it is a unique limit cycle if the speed of revisions of expectation is fast enough.

Technical Details

RePEc Handle
repec:eee:ecmode:v:75:y:2018:i:c:p:293-304
Journal Field
General
Author Count
1
Added to Database
2026-01-26