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ECONOMIC GROWTH THEORIES AND MODELS  Classical growth by Adam Smith (1776) and David Ricardo(1817)  H-D model by Harrod(1939) and Domar(1947)  Neoclassical model…

Documents Lec3 Harrod-Domar Growth

* Copyright © 2009 Pearson Addison-Wesley. All rights reserved. 3-* Harrod Domar Growth Model Mobilization of savings to generate sufficient investment to accelerate growth.…