Harrod–Domar growth model
E762520
The Harrod–Domar growth model is an early Keynesian economic framework that explains long-run economic growth in terms of savings rates and capital-output ratios, highlighting inherent instability in growth paths.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Harrod‑Domar growth model | 1 |
| Harrod–Domar growth model canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T8825367 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Harrod–Domar growth model Context triple: [Kaldor growth model, relatedConcept, Harrod–Domar growth model]
-
A.
Kaldor growth model
The Kaldor growth model is a post-Keynesian economic framework that explains long-run economic growth through the interaction of capital accumulation, income distribution, and demand-driven dynamics.
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B.
Solow growth model
The Solow growth model is a foundational economic framework that explains long-run economic growth through capital accumulation, labor or population growth, and exogenous technological progress.
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C.
Kaldor–Verdoorn law
The Kaldor–Verdoorn law is an economic principle that posits a positive relationship between the growth of output and the growth of labor productivity, often used to explain cumulative and self-reinforcing processes in industrial growth.
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D.
Ramsey–Cass–Koopmans model
The Ramsey–Cass–Koopmans model is a foundational neoclassical growth model in macroeconomics that analyzes optimal savings, consumption, and capital accumulation over time in a perfectly competitive economy.
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E.
Kaldor’s stylized facts of economic growth
Kaldor’s stylized facts of economic growth are a set of empirical regularities about long-run economic development—such as stable capital-output ratios and rising labor productivity—that guided modern theories of growth and distribution.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Harrod–Domar growth model Target entity description: The Harrod–Domar growth model is an early Keynesian economic framework that explains long-run economic growth in terms of savings rates and capital-output ratios, highlighting inherent instability in growth paths.
-
A.
Kaldor growth model
The Kaldor growth model is a post-Keynesian economic framework that explains long-run economic growth through the interaction of capital accumulation, income distribution, and demand-driven dynamics.
-
B.
Solow growth model
The Solow growth model is a foundational economic framework that explains long-run economic growth through capital accumulation, labor or population growth, and exogenous technological progress.
-
C.
Kaldor–Verdoorn law
The Kaldor–Verdoorn law is an economic principle that posits a positive relationship between the growth of output and the growth of labor productivity, often used to explain cumulative and self-reinforcing processes in industrial growth.
-
D.
Ramsey–Cass–Koopmans model
The Ramsey–Cass–Koopmans model is a foundational neoclassical growth model in macroeconomics that analyzes optimal savings, consumption, and capital accumulation over time in a perfectly competitive economy.
-
E.
Kaldor’s stylized facts of economic growth
Kaldor’s stylized facts of economic growth are a set of empirical regularities about long-run economic development—such as stable capital-output ratios and rising labor productivity—that guided modern theories of growth and distribution.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Keynesian macroeconomic model
ⓘ
economic growth model ⓘ |
| assumes |
closed economy in basic versions
ⓘ
constant marginal propensity to save ⓘ fixed capital–output ratio ⓘ no substitution between capital and labor ⓘ underutilized capacity in the short run ⓘ |
| category |
Keynesian models of growth
ⓘ
macroeconomic dynamic models ⓘ |
| contrastedWith | Solow–Swan growth model ⓘ |
| coreConcept |
actual growth rate
ⓘ
natural growth rate ⓘ warranted growth rate ⓘ |
| criticizedFor |
lack of microfoundations
ⓘ
rigid fixed-coefficient production assumption ⓘ strong instability implications ⓘ |
| defines | growth rate as ratio of savings to capital–output ratio ⓘ |
| emphasizes |
role of capital–output ratio in growth
ⓘ
role of savings rate in growth ⓘ |
| equation | g = s / v ⓘ |
| explains | long-run economic growth ⓘ |
| extendedTo | open-economy growth models in later work ⓘ |
| field |
development economics
ⓘ
macroeconomics ⓘ |
| focusesOn | demand-side determinants of growth ⓘ |
| highlights | inherent instability of growth paths ⓘ |
| influenced | early development planning models ⓘ |
| influencedBy | John Maynard Keynes NERFINISHED ⓘ |
| inspired |
Domar’s capacity growth analysis
ⓘ
Harrod’s warranted growth theory NERFINISHED ⓘ |
| mathematicalForm | linear differential equations in capital and output ⓘ |
| namedAfter |
Evsey D. Domar
NERFINISHED
ⓘ
Roy F. Harrod NERFINISHED ⓘ |
| policyImplication |
higher savings rate raises long-run growth
ⓘ
investment is key driver of growth ⓘ |
| predecessorOf | neoclassical growth theory ⓘ |
| predicts |
cumulative divergence from warranted growth if disturbed
ⓘ
knife-edge stability of equilibrium growth path ⓘ |
| publicationContext | post-Keynesian growth debates ⓘ |
| relatedConcept |
capital accumulation
ⓘ
dynamic instability ⓘ incremental capital–output ratio ⓘ |
| theoreticalBasis | Keynesian economics NERFINISHED ⓘ |
| timePeriod | mid-20th century ⓘ |
| usedFor |
analyzing growth constraints in low-income economies
ⓘ
estimating required investment for target growth rates ⓘ |
| usedIn | investment planning in developing countries ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Harrod–Domar growth model Description of subject: The Harrod–Domar growth model is an early Keynesian economic framework that explains long-run economic growth in terms of savings rates and capital-output ratios, highlighting inherent instability in growth paths.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Harrod‑Domar growth model