I need info on the Harrod-Domar model for a growth-related assignment, and our bookstores have no copies of the text left. Can you e-mail both the equation and an explanation?
I suspect that the reason the bookstore has no copies of your textbook is that it was published in 1956 and isn’t used anymore. The Harrod-Domar model was popular in the 1940s and 1950s, but has long since been abandoned. It’s a little out of my area, but here’s an answer: Based on the Keynesian idea that savings and investment might not always match up, Harrod and Domar independently reached similar conclusions about the conditions under which savings and investment could be kept in sync and the economy could be kept growing.
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