We generally use Harrod-Domar model as one but these are two models and have been developed independently. Sir Henry Roy Forbes Harrod has developed his model in 1939 and Evsey David Domar has developed his model in 1947. They use together because their assumptions and results were similar.
In this video, after discussing the outline of the model as well as the assumptions, the Harrod Growth models is discussed, that is why, the name of the video is “Harrod-Domar Model Part-1”. The Domar model will be discussed in the next video which will be entitled as “Harrod-Domar Model Part-2”
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20 сен 2024
