Search results with tag "Models of economic growth"

Models of Economic Growth - EOLSS

3. Exogenous Growth Models 3.1. The Harrod-Domar Growth Model The Harrod-Domar growth theory is based on the work by these two authors. They developed their models independently, but the assumptions and results are, nevertheless, basically the same. They built their theory in the late 1930’s and mid 1940’s, when the

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