E. D. Domar
American economist
Learn about this topic in these articles:
theory of economic growth
- In economic growth: The role of investment
Harrod and the American economist E.D. Domar put this question in a very simple mathematical form. In their equations, the rate of growth of supply (i.e., the production function as defined above) is equal to the rate of growth of capital stock. Through investment this capital stock is augmented. The…
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