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Asia-Pacific Economies Lec2 Essay Preview: Asia-Pacific Economies Lec2 Report this essay Chapter 2aReview list2.1 Explain the Harrod-Domar model of economic growth.The basic ideas of Harrod-Domar Model Income(Y) =Saving(S) +ConsumptionGrowth rate (g) = (Yt+1-Yt)/Yt=[saving(s)/capital-output efficiency (“θ” )]-depreciation of capital (δ)It means that less consumption, more saving, and higher efficiency of the use of capital contribute to.
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Acceleration Of Economic GrowthCapital-Output EfficiencyFcf Steady StateK0 ，Sy