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Harrod–Domar Economic Growth Model In Classical And Neoclassical Theory Name And Surname

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  • DOINA DRAGOI

    (UNIVERSITY OF CRAIOVA, DOCTORAL SCHOOL OF ECONOMICS FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, ECONOMY, ROMANIA)

Abstract

The goals of this article is to present some theoretical aspects of the Harrod-Domar economic growth model in classical and neoclassical theory, highlighting its importance on the economy of nations. The research is based on the revision of the specialized economic literature using the method of scientific observation. The Harrod-Domar model is approached in a context that aims to understand it and how it relates to other factors in the economic environment. The central elements of the Harrod-Domar theory and model are represented by the process of saving and investing, which will lead to an economic growth of nations.

Suggested Citation

  • Doina Dragoi, 2019. "Harrod–Domar Economic Growth Model In Classical And Neoclassical Theory Name And Surname," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 281-287, December.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:6:p:281-287
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    1. Sen, Amartya, 2001. "Development as Freedom," OUP Catalogue, Oxford University Press, number 9780192893307.
    2. Easterly, William, 1997. "The ghost of financing gap : how the Harrod-Domar growth model still haunts development economics," Policy Research Working Paper Series 1807, The World Bank.
    3. Carl-Johan Dalgaard & Mr. Lennart Erickson, 2006. "Solow Versus Harrod-Domar: Reexamining the Aid Costs of the First Millennium Development Goal," IMF Working Papers 2006/284, International Monetary Fund.
    4. Romer, Paul M., 1990. "Human capital and growth: Theory and evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 251-286, January.
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