Harrod-Domar Model

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo post-war development planning
gptkbp:assumes no technological progress
constant capital-output ratio
constant savings rate
gptkbp:category gptkb:Keynesian_economics
gptkbp:criticizedFor assuming fixed capital-output ratio
ignoring labor force growth
ignoring technological change
gptkbp:developedBy gptkb:Evsey_Domar
gptkb:Roy_Harrod
gptkbp:field macroeconomics
gptkbp:focusesOn economic growth
gptkbp:form g = s / k
https://www.w3.org/2000/01/rdf-schema#label Harrod-Domar Model
gptkbp:influenced gptkb:Solow-Swan_Model
gptkbp:introducedIn 1939
1946
gptkbp:location g is growth rate
k is capital-output ratio
s is savings rate
gptkbp:predicts growth depends on savings and capital productivity
gptkbp:usedIn development economics
gptkbp:bfsParent gptkb:Exogenous_Growth_Theory
gptkbp:bfsLayer 7