Álvaro Martin Moreno Rivas () (Universidad Externado de Colombia)
Abstract
Harrod’s research program was the first to integrate the central ideas of “magnum dynamics” into a mechanical framework of vector forces to endogenously explain cycles and growth. Mathematical economists ignored these points and Harrod’s original work was presented in textbooks as the Harrod-Domar growth model. The aim of this paper is to present Harrod’s dynamic and show that his real aim was to build a non linear cyclic growth model.
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Volume (Year): 7 (2005) Issue (Month): 13 (July-December) Pages: 101-132 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
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