Transcription of A Contribution to the Theory of Economic Growth Author(s ...
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A Contribution to the Theory of Economic Growth Author(s ...
A Contribution to the Theory of Economic GrowthAuthor(s): Robert M. SolowSource: The Quarterly Journal of Economics, Vol. 70, No. 1 (Feb., 1956), pp. 65-94 Published by: The MIT PressStable URL: : 22/03/2010 10:04 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work. Publisher contact information may be obtained copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive.
Domar model of economic growth. The characteristic and powerful conclusion of the Harrod-Domar line of thought is that even for the long run the economic system is at best balanced on a knife-edge of equilibrium growth. Were the magnitudes of the key parameters the savings ratio, the capital-output ratio, the rate of increase of the
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