Goodwin's Structural Economic Dynamics: Modelling Schumpeterian and Keynesian Insights

Arbeitspapier

In this paper we pursue the work started jointly with Richard M. Goodwin in the 1990s. Goodwin's later work went very much in the direction of modelling Schumpeter's insights into structural and technological transformations in the context of disaggregated models while allowing for non-full employment outcomes and macroeconomic cyclical patterns to develop anlongside these transformations. In a series of papers we have followed up this work for closed and open economies, drawing out in particular the implications of structural transformations for macrodistributional dynamics and effective demand problems. This has been analysed for advanced and catching-up economies and their interdependencies on the global stage. We shall review our modelling efforts in this respect and trace these back to Goodwin's life-long preoccupation with synthesizing disaggregated (linear) modelling with macro-dynamic analysis.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: wiiw Working Paper ; No. 41

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; International Economic Order and Integration ; Economic Growth of Open Economies ; Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications ; Macroeconomic Analyses of Economic Development ; One, Two, and Multisector Growth Models
• Thema: Richard Goodwin ; structural economic dynamics ; modelling global economic integration

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Landesmann, Michael ; Stehrer, Robert
• Ereignis: Veröffentlichung
• (wer): The Vienna Institute for International Economic Studies (wiiw)
• (wo): Vienna
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/203906
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ