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Cuadernos de Economía

Print version ISSN 0121-4772

Abstract

MORENO R, Álvaro Martín. EL MODELO DE CICLO Y CRECIMIENTO DE RICHARD GOODWIN: UNA EVALUACIÓN EMPÍRICA PARA COLOMBIA. Cuad. Econ. [online]. 2002, vol.21, n.37, pp.13-31. ISSN 0121-4772.

The purpose of the present work is to expose and evaluate the hypothesis of cyclical growth of Richard Goodwin. Colombian data are used to contrast the ideas of the model. It was found that at a qualitative level, the dynamic of the state variables in the space of phases shows certain correspondence with the theoretical predictions, at least for two periods: 1957-1966 and 1968-1974. The quantitative results reject the suppositions of the pattern and the empiric models do not describe the true generator process of the data.

Keywords : Nonlinear dynamic; limit cycle; endogenous cycle; growth; curves of Phillips.

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