What are harrod-domar restrictions, Business Economics

What are Harrod-Domar restrictions?

Harrod-Domar restrictions:

• Non economic social, cultural, political and institutional circumstances are unimportant into growth process

• While capital formation is significant the development of human capital and effective use of latest technologies also raise Gross Domestic Product. Investment is an essential but not adequate condition for improvement

• Suppose closed economy. Within open economy, additional Y might be used for M and not S

• This is complicated to stimulate the desired level of domestic savings

• Meeting a savings gap through borrowing through overseas cause’s debt repayment difficulties later.

• The sector structure of the economy significant (that is agriculture verses industry verses services).

Posted Date: 8/29/2013 6:37:00 AM | Location : United States

Related Discussions:- What are harrod-domar restrictions, Assignment Help, Ask Question on What are harrod-domar restrictions, Get Answer, Expert's Help, What are harrod-domar restrictions Discussions

Write discussion on What are harrod-domar restrictions
Your posts are moderated
Related Questions
Explain the implications international capital flows problem. Implications: • FDI can assist physical capital accumulation and result within growth - usually beneficial b

QUESTION (a) Compare and contrast the two major transmission channels that characterizes the credit view. (b) Discuss which asset price channel of transmission of monetary p

my fgeind lewis wants ro know about hard and soft hr and whats good and whats bad about it so cabn u answer pelase

A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit

1. (classical monopoly pricing) A monopolist faces a demand curve q (p) = 100   p: (a) If its cost function is C (q) = 2q; what is the optimal level of price and quantity? (b

What is the difference between real and nominal Gross Domestic Product? National Income consists of a price and a quantity element. When the price level doubled along with simi

Illustrate some example of the development process affected on culture. Examples of the development process affected on culture: • Foreign Direct investment (FDI) and IMF st

Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competitio