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A comment on 'Testing Goodwin: growth cycles in ten OECD countries'

Matheus R. Grasselli, Aditya Maheshwari

arXiv 5 Mar 2018 · Econometrics

arXiv:1803.01527 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We revisit the results of Harvie (2000) and show how correcting for a reporting mistake in some of the estimated parameter values leads to significantly different conclusions, including realistic parameter values for the Philips curve and estimated equilibrium employment rates exhibiting on average one tenth of the relative error of those obtained in Harvie (2000).

Citation extraction

9
references
43
in-text mentions
9
distinct cited
1
self-citations
2,078
main-text words

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Harvie, D (2000) Testing Goodwin: Growth cycles in ten OECD countries1.000326100%
2Atkinson, A. B (1969) The timescale of economic models: How long is the long run?0.64422100%
3Solow, R. M (1990) Goodwin's growth cycle: reminiscence and rumination0.64422100%
4Desai, M (1984) An econometric model of the share of wages in national income: Uk 1855–19650.51121100%
5Colacchio, G., Sparro, M., and Tebaldi, C (2007) Sequences of cycles and transitions to chaos in a modified Goodwin's growth cycle model0.40511100%
6Goodwin, R. M (1967) A growth cycle0.40511100%
7Grasselli, M. R. and Maheshwari, A (2016) Econometric estimation of goodwin growth models self0.40511100%
8Veneziani, R. and Mohun, S (2006) Structural stability and Goodwin's growth cycle0.40511100%
9van der Ploeg, F (1985) Classical growth cycles0.40511100%

Showing the top 9 of 9 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Testing a Goodwin model with general capital accumulation rate0.84333