Harrod-Domar model

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo post-war development planning
gptkbp:assumes constant returns to scale
fixed capital-output ratio
fixed savings rate
gptkbp:category gptkb:Keynesian_economics
gptkbp:criticizedFor assuming fixed capital-output ratio
ignoring labor force growth
ignoring technological progress
gptkbp:developedBy gptkb:Evsey_Domar
gptkb:Roy_Harrod
gptkbp:explains relationship between savings, investment, and growth
gptkbp:field macroeconomics
gptkbp:focusesOn economic growth
gptkbp:form g = s/v
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 = growth rate of output
s = savings rate
v = capital-output ratio
gptkbp:relatedTo gptkb:AK_model
gptkbp:usedIn development economics
gptkbp:bfsParent gptkb:Development_economics
gptkb:AK_model
gptkb:neoclassical_growth_theory
gptkbp:bfsLayer 6