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The Harrod Domar Growth Model and its Implications for ...
International Journal of Humanities Social Sciences and Education (IJHSSE) Volume 6, Issue 4, April 2019, PP 11-17 ISSN 2349-0373 (Print) & ISSN 2349-0381 (Online) International Journal of Humanities Social Sciences and Education (IJHSSE) Page | 11 The Harrod Domar Growth Model and its Implications for economic Development in Vietnam Le Ngoc Thong*, Nguyen Thi Hao Teacher at the National Economics University, Vietnam 1. INTRODUCTION In the current context, the issue of economic Growth and development is an urgent issue for developing countries. Vietnam is also in the vortex, where the use of theoretical models of Growth is relatively new and difficult. But according to the requirements of international economic integration, the process is considered as an indispensable activity in policy making.
production capital is the source of economic growth or a determinant of economic growth. As capital changes, national output changes accordingly ( K) ( Y) Increased capital is due to investment activities: I = DK 3.2.2. The Relationship between Capital Increase and Output
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