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Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

Rudiger von Arnim & Luis Felipe Eick

Metroeconomica: international review of economics2026https://doi.org/10.1111/meca.70015article
AJG 1ABDC B
Weight
0.50

What the paper says

ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model. We show that the model can generate a limit cycle and that the Goodwin pattern arises in simulations without profit‐led demand when financial interactions are present. Redistribution affects cyclical dynamics but has no steady‐state growth effects.

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https://doi.org/https://doi.org/10.1111/meca.70015

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@article{rudiger2026,
  title        = {{Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages}},
  author       = {Rudiger von Arnim & Luis Felipe Eick},
  journal      = {Metroeconomica: international review of economics},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/meca.70015},
}

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Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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