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HARROD-DOMAR CONCEPT [2 records]

Record 1 2001-08-28

English

Subject field(s)
  • National and International Economics
  • Economic Co-operation and Development
CONT

The natural rate of growth of a simplified Harrod system is the percentage growth per year of his labor supply expressed in "efficiency units" ... as a condition of balanced growth, output and capital must also be growing at this same natural rate per year.

OBS

The Harrod-Domar concept of the "natural rate of growth" g is determined by population growth and technical change.

Key term(s)
  • natural growth rate
  • Harrod natural growth rate

French

Domaine(s)
  • Économie nationale et internationale
  • Coopération et développement économiques

Spanish

Campo(s) temático(s)
  • Economía nacional e internacional
  • Cooperación y desarrollo económicos
Save record 1

Record 2 1981-01-27

English

Subject field(s)
  • Laws of the Market (Economy)
OBS

The Ricardo-Marx-Solou model of smooth substitutability of labor for capital (i.e., of labor for a great variety of alternatively producible capital goods) has less need to work with Harrod-Domar concepts than those models which regard the capital-output ratio as a hard constant (...) it is useful to interpret the Harrod-Domar concepts for a neoclassical model like Fig. 37-2 [p. 721] (...)

French

Domaine(s)
  • Lois du marché (Économie)

Spanish

Save record 2

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