Using the Harrod-Domar model to prove that the sum of the population growth rate (n) and productivity

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Using the Harrod-Domar model to prove that the sum of the population growth rate (n) and productivity improvement (p) is smaller than the ratio of the saving (s) and capital-output rates (c).

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Development Economics

ISBN: 9780691017068

1st Edition

Authors: Debraj Ray

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Posted Date: Feb 02, 2024 06:29 AM

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Using the Harrod-Domar model to prove that the sum of the population growth rate (n) and productivity

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Answer HarrodDomar Model The basic HarrodDomar equation is given by I SY Where I is the level of inv... View the full answer

Development Economics

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