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| Domar's work is closely related to the earlier work of Roy F. Harrod, and as a result the model is known as the [[Economics/HarrodDomarModel|Harrod-Domar model]]. | Domar's work is closely related to the [[AnEssayInDynamicTheory|earlier work by Harrod]]. == Reading Notes == Classically, the issue with Domar's work is that the model is fit to post-[[WorldHistory/WorldWar2|war]] and developed countries. There was a significant population of underemployed workers; as a result, capital was the limiting productive factor. |
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Capital Expansion, Rate of Growth, and Employment
Capital Expansion, Rate of Growth, and Employment (DOI: https://doi.org/10.2307/1905364) was written by Evsey Domar in 1946.
Domar's work is closely related to the earlier work by Harrod.
Reading Notes
Classically, the issue with Domar's work is that the model is fit to post-war and developed countries. There was a significant population of underemployed workers; as a result, capital was the limiting productive factor.