Harrod-Domar Growth Model

found: Work cat.: Easterly, W.R. The ghost of financing gap, 1997:t.p. (Harrod-Domar growth model)

found: Oxford dictionary of economics, July 27, 2010(Harrod-Domar growth model: a growth model, named after its originators, which considers the consequences of fixed capital-labour ratios and savings propensities; in this model, the labour force, measured in efficiency units to allow for technical progress, grows at an exogenously fixed natural growth rate, n; there is a fixed capital-output ratio, v, and a fixed propensity to save, s; if national income is Y, savings are sY)

found: Bizterms web site, July 27, 2010(Harrod-Domar growth model: An economic model which maintains that the growth rate of gdp depends upon the level of savings and the capital output ratio)

found: Wikipedia, July 27, 2010(Harrod-Domar model is used in development economics to explain an economy's growth rate in terms of the level of saving and productivity of capital; it suggests that there is no natural reason for an economy to have balanced growth; the model was developed independently by Sir Roy F. Harrod in 1939 and Evsey Domar in 1946; the Harrod-Domar model was the precursor to the exogenous growth model)