Education

Harrod-Domar Theory

Asked by mwitila on 08 Apr 08:14

Last updated by Jill W on 23 May 13:27

1 Answers

Answered by Jill W on 23 May 13:27

The Harrod-Domar model (theory) was developed by Sir Roy Harrod in 1939 and Evsey Domar in 1946. The Harrod-Domar model is a growth model, which claims the rate of economic growth in an economy is dependent on the level of saving and the capital output ratio.

Source(s)

romeconomics