Harrod-Domar Model
The Harrod-Domar model is a macroeconomic model of economic growth. It was developed independently by Roy Harrod in 1939 and Evsey Domar in 1946. The model is based on the idea that economic growth is determined by the level of InvestmentInvestment and the SavingsSavings rate. The model has been criticized for being too simplistic and … Read more