哈罗德-多马经济增长模型（Harold Thomas model of economic growth）.docVIP

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哈罗德-多马经济增长模型（Harold Thomas model of economic growth）.doc

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哈罗德-多马经济增长模型（Harold Thomas model of economic growth）

哈罗德-多马经济增长模型（Harold Thomas model of economic growth） Harold Thomas model of economic growth: (1) Harold Domar model is referred to as the analysis model about economic growth were put forward, the British economist Harold and American economist Thomas in 1948. The model focuses on the relationship between savings and investment growth and income growth while maintaining full employment. (2) the premise includes: 1. The whole society produces only one kind of product. Savings S is a function of national income Y, that is, S = sY (s represents the proportion of savings in this society, that is, the share of savings in the national income). The production process uses only two kinds of production factors, namely labor L and capital K. There is no technological progress or capital depreciation. The labour force grew at a constant rate. The production of constant returns to scale, the number of which is required to produce any unit of capital and labor is fixed. The monetary sector does not exist, and the price level unchanged. The basic equations of Harold model, in which G said: the national income growth rate of Y/Y (that is, economic growth rate), s S/Y V said that the savings rate, marginal capital output ratio Delta K/ Delta Y (assuming that the marginal capital output ratio is equal to the capital - output ratio K/Y), and V = I/ Y. The equation shows that in order to achieve balanced economic growth, the growth rate of national income must be equal to the ratio of the social savings tendency and the capital output ratio of the two. The basic equations of Thomas model is: G = I/I = s? 8, in I/I for the growth rate of investment, which is the rate of economic growth in the Harold model; delta said capital productivity Y/I, namely reciprocal Harold model v. The difference between Thomas model and Harold model is used in Thomas said capital productivity ratio of capital output, and G represents the growth rate of investment. Although the expressions of the two are dif