Harmeet Singh Gulati; Deepinder Kaur

doi:https://doi.org/10.14445/22315373/IJMTT-V45P512

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 45 | Number 2 | Year 2017 | Article Id. IJMTT-V45P512 | DOI : https://doi.org/10.14445/22315373/IJMTT-V45P512

"Solow Model" and Its' Linkage with "Harrod-Domar"

Harmeet Singh Gulati, Deepinder Kaur

Abstract

In this paper we aim to link Solow Model and HarrodDomar Model. We know that if we Relax "Innada Condition" of Solow Model then unique steady state may not exist. In our paper we will observe that the growth equation of "HarrodDomar" is associated with multiple steady state of per capital. We have done this linking Solow Model and HarrodDomar.

Keywords

HarrodDomar, Solow Model, Innada Condition, Steady State, Production function.

References

1. Elementary Mathematical Modelling, 2nd Edition, Mary Ellen Davis, C.HenryEdwards,Pearsons Publication
2. Intermediate Macroeconomics:N.George Mankiw, 7th Edition.
3. Intermediate Macroeconomics:Dornbush&Fischer, 6th Edition.
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5. http://www.academia.edu/5989544/Solow_Vs_Harrod-Domar
6. https://www.solidpapers.com/collegepapers/Economics/3578.htm
7. http://www.preservearticles.com/2012042631185/what-is-the-solow-model-of-economic-growth.html

Citation :

Harmeet Singh Gulati, Deepinder Kaur, ""Solow Model" and Its' Linkage with "Harrod-Domar"," International Journal of Mathematics Trends and Technology (IJMTT), vol. 45, no. 2, pp. 71-78, 2017. Crossref, https://doi.org/10.14445/22315373/IJMTT-V45P512