We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Harrod-domar Model for Development - Research Paper Example

Comments (0)
Summary
This research paper declares that economic growth and economic development are two interrelated economic concepts.  They may differ in definitions, measurement, implication and significance to the economy but 1they are both important economic goal. …
Download full paper
GRAB THE BEST PAPER
Harrod-domar Model for Development
Read TextPreview

Extract of sample
Harrod-domar Model for Development

Download file to see previous pages... This study declares that growth is a narrower concept than development. The latter implies there is an increase in the quantity or value of the goods and services as a result of the productivity of the resources available in the economy while the former implies an increase in living standards, improvement in self-esteem needs and freedom from oppression as well as a greater choice available for the people. As growth is felt and seen in the rise in GDP of a country, development happens in the living conditions of its people through the improved access to the economic needs like education, health and recreation. Economic growth is very important but not an adequate condition for an economy to have a progressive development. The increase in the real Gross Domestic Product brought about by the growth in the economy should result to a progressive change or development which can be seen in the structural changes like an increase in numbers of infrastructures in the economy. These additional infrastructures may be in form of factory buildings or facilities imply additional investments. Additional investments may also mean more economic opportunities available for the people residing near where the investment was made.According to the discussion economists proposed theories to explain the importance of economic growth to development and vice versa and tried to emphasize particular patterns that each economy must pursue to attain development. II. Research Problem This paper is about one of the commonly used economic theories in relating growth and development in an economy, the Harrod-Domar Growth Theory. Specifically, this paper will present the development of Harrod-Domar Theory and the economists behind its development. Several factors that linked economic growth to economic development will also be tackled in this paper to establish the applicability of the theory. Possible effects associated with the theory will also be examined to find out if it has its significance or implication to the development of an economy. III. Research Objective This paper seeks to establish a deeper understanding of the Harrod-Domar Growth Theory by answering the research problem. This is important in order to explain how economies may or may not develop and how may the growth barriers be identified and overcome in the future. After relating the theory’s significance to the economic condition, it aims to form suggestions which are believed to be appropriate in the formulation of different development policies. IV. Literature Review The theory of economic growth asks what factors determine the full- employment growth rate of output overtime. It is important to study growth theory because it both helps explain growth rates and development and why per capita income level differs among countries. This part will present a brief review of the factors significant or related to economic growth.  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The problem of childhood obesity
The author explores the problem of childhood obesity and the roles of the parents’ and the state with regards to the health issue. Childhood obesity is believed by medical practitioners as a strong factor in sicknesses manifested by obese adults. The reasons children are obese are attributed to genetics or external factors.
13 Pages(3250 words)Research Paper
How stress is related to infertility (the psychological and physical/biological issues/effects of stress on women)
Both the condition of childlessness and the subsequent fertility treatments are known to cause stress, and it is a well established fact that infertility can abet psychological stress, especially within women (Lalos, 1999). Often it has also been seen that certain environmental factors like various biological, behavioural, physical, chemical, and other socioeconomic elements create an atmosphere of stress that may in turn have an adverse effect on the reproductive health and development of an individual.
7 Pages(1750 words)Research Paper
John M. Keynes
Coming from a background with a hard academic excellence coupled with a solid experience of a working economy spanning from the Kings College to Cambridge University [the heart of knowledge], right into the money control systems of the British Treasury, Keynes was an economist of real economics, recognizing so early in his life the need to convert theoretical prescriptions into politically relevant, workable plans able to assist an economy in need.
6 Pages(1500 words)Research Paper
Software Application life-cycle
There are different types of life-cycle models like the waterfall model, the agile model, or iterative incremental model which come into adaptation and application of software development. The selection of the model depends upon the type and nature of software being developed (Munassar & Govardhan, 2010).
3 Pages(750 words)Research Paper
Compare and contrast different software life-
The models give a description of a software development course from some particular perspective as specification, design, testing or validation and evolution. In other words, these models aim to be the standard upon which all tasks needed during the software development process and maintenance of the software are defined (Johnson and Higgins, 2007).
6 Pages(1500 words)Research Paper
Union Organization Campaigns
2001). Many studies suggest, however, that due to the differences and effectiveness of union organizational campaigns conducted there is significant variation in the ability of individual unions to deliver wage and benefit increases at the firm-level and/or articulate broader demands (Fairbrother and Yates 2003; Moody, 1998, Perry, 1987).
13 Pages(3250 words)Research Paper
Development and underdevelopmint issues of measurment and defintion
this paper covers major theories that policy makers and economists should take into account in order to steer development in their respective countries. Major theories that are discussed include. Harrod-Domar theory, Neoclassical Growth theory, Theory of surplus labor as well as
6 Pages(1500 words)Research Paper
Models of Integration Implementation
This paper addresses the level to which separate and independent models establish an integrated whole. The most common software development models applied for the development process is; waterfall model,
4 Pages(1000 words)Research Paper
The Psychological considerations and social effect of In-vitro fertilization
IVF results, statistically, in success rates between 26 and 35 percent, making this a rather unreliable procedure for all
6 Pages(1500 words)Research Paper
Software Lifecycle
The SDLC models that exist are conventionally similar with regard to the steps and stages involved in system development (Alan, Edward, & Edward, 1988). However, they differ on the approaches and methodologies used to achieve the goals and
4 Pages(1000 words)Research Paper
Let us find you another Research Paper on topic Harrod-domar Model for Development for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us