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Harrod-Domar Theory
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mwitila
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Jill W
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The Harrod-Domar model (theory) was developed by Sir Roy Harrod in 1939 and Evsey Domar in 1946. The Harrod-Domar model is a growth model, which claims the rate of economic growth in an economy is dependent on the level of saving and the capital output ratio.
romeconomics