The harrod-domar model and the solow growth model

Assignment Help Business Economics

Reference no: EM131242390

Discuss the difference between The Harrod-Domar model and the Solow growth model.

(HD): No substitution between labor and capital, no diminishing return to scale.

Reference no: EM131242390

Questions Cloud

Linear equation going through two quantity-price combination : Suppose that the demand for corn is such that Q = 14 billion bu are consumed if the price is P = $4.00/bu, and Q = 16 billion bu are consumed if the price is P = $3.00/bu. Assuming that the corn demand can be represented by a linear equation going th..

Legal and ethical issues regarding landlord foreclosure : Legal and ethical issues regarding landlord foreclosure and tenant's rights. What am I looking for in a paper? I will grade based on content, organization, readability, and grammatical correctness.

What would be the new equilibrium price and quantity : Assume an imposed price of 9. What would happen to consumer and producer surplus if the government did not allow the price to go above 9? Imagine now that the supply curve shifts right (i.e., down) by 5, What would be the new equilibrium price and qu..

Evaluate the wisdom of the firms pricing policy : The Hanover Manufacturing Company believes that the demand curve for its product is P=5 - Q Where P is the price of its product in dollars and Q is the number of millions of units of its product sold per day. It is currently charging a price of $1 pe..

The harrod-domar model and the solow growth model : Discuss the difference between The Harrod-Domar model and the Solow growth model.

Write down important assumptions of solow growth model : Given a Cobb- Douglas production function (follow the Appendix 3.2 to the chapter for further detail and practice) Write down important assumptions of Solow growth model. What is the steady state capital per capita, k*, and explain about it.

Euro-per-canadian dollar equilibrium exchange rate : For each of the following events would affect the euro-per-Canadian dollar equilibrium exchange rate. A. European saves desire to shift funds from euro denominated financial assests to Canadian dollar denominated financial assests. B. European firms ..

Spot exchange rate for the thai baht : . On a particular day, the spot exchange rate for the Thai baht was 31.80 (bt/$). On the same day, the 3-month forward exchange rate for the baht was 32.50. Was the Thai baht trading at premium or discount for the Thai baht?

An effective exchange rate for the euro : An effective exchange rate for the euro was 91.62 in January 2005 and 94.44 in January 2013. At the same time, an effective exchange rate for the Japanese yen was 132.41 in January 2005 and 144.12 in January 2013. Overall did the euro and the yen app..

User Account

All Pages