Question
In: Economics
Some would consider the Harrod-Domar model as a growth model and others would take it as...
Some would consider the Harrod-Domar model as a growth model and
others would take it as a development model. How do you view this
model? In either case, are you satisfied with this model? If not,
discuss the deficiency of this model.
Solutions
z
Rahul Sunny answered 2 years agoRelated Solutions
Some would consider the Harrod-Domar model as a growth model and others would take it as...
Some would consider the Harrod-Domar model as a growth model and
others would take it as a development model. How do you view this
model? In either case, are you satisfied with this model? If not,
discuss the deficiency of this model.
[Harrod-Domar model] a. What are the fundamental assumptions of the Harrod-Domar Model in terms of labor...
[Harrod-Domar model]
a. What are the fundamental assumptions of the Harrod-Domar
Model in terms of
labor markets;
marginal productivity of capital;
capital/output ratio;
capital markets;
Under these assumptions, formally derive the growth rate of
aggregate output in the Harrod-Domar
Model.
b. According to the Harrod-Domar Model, calculate the rate at
which the economys aggregate
output can grow if:
i. the saving rate is 15 percent and the capita-output ratio is
3;
ii. the saving rate is 15 percent and the...
Discuss the harrod domar growth model. Do you think that the model is useful in shedding...
Discuss the harrod domar growth model. Do you think
that the model is useful in shedding light to the current economic
problems faced by Pakistan?
Formulate the key equation of harrod domar model and describe the dynamics of economic growth that...
Formulate the key equation of harrod domar model and
describe the dynamics of economic growth that follow from this
model.
True or false and why? In the Harrod-Domar model of economic growth, a country’s per capita...
True or false and why?
In the Harrod-Domar model of economic growth, a country’s per
capita growth rate depends on its rate of savings, whereas in the
Solow model the savings rate has no effect on the per capita growth
rate.
Explain how the Harrod Domar Growth Model was used in state planning in developing countries. While...
Explain how the Harrod Domar Growth Model was used in state
planning in developing countries. While this model was effective in
reconstructing European economies after world war II, it did not
turn out to be effective in facilitating economic growth in
developing countries. Why?
Discussion Question 1: The Harrod–Domar model exhibits the knife-edge property that growth is consistent with continuously...
Discussion Question 1: The Harrod–Domar model exhibits the
knife-edge property that growth is consistent with continuously
full employment only if (s/k)-d just happens to equal n. This
knife-edge property is eliminated in the simple neoclassical model,
which is characterized by continuously full employment. Discuss the
importance of assuming variable rather than fixed proportions
production technology for working this change. (2 marks
The Harrod–Domar model exhibits the knife-edge property that growth is consistent with continuously full employment only...
The Harrod–Domar model exhibits the knife-edge property that
growth is consistent with continuously full employment only if
(s/k)-d just happens to equal n. This
knife-edge property is eliminated in the simple neoclassical model,
which is characterized by continuously full employment. Discuss the
importance of assuming variable rather than fixed proportions
production technology for working this change
1) State and describe the Harrod-Domar model of economic growth.Discuss the character of the Lewis...
1) State and describe the Harrod-Domar model of economic growth.
Discuss the character of the Lewis model and how that model forms a
response to one of the major criticisms of the H-D presentation.
Use a graphical presentation in your answer.
According to the Harrod-Domar model, if the capital-output ratio in a country is high, that country...
According to the Harrod-Domar model, if the capital-output ratio
in a country is high, that country will grow faster.
TRUE OR FALSE
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