The Harrod model

Giuseppe Orlando, Mario Sportelli, and Fabio Della Rossa

As mentioned in the Introduction, Sect. 1.2, the objective of this book is twofold: to provide a personal specification of a business cycle model within the Kaldor-Kalecki framework (see Chap. 16) and to choose a chaotic specification of the Harrod model (Sportelli and Celi (Metroeconomica 62:459–493, 2011)) to prove that (1) real data can be obtained by a suitable calibration of model’s parameters and (2) the calibrated model confirms theoretical predictions (Orlando and Della Rossa (Mathematics 7:524, 2019)).In this chapter, we first explain the Domar model and the Harrod model separately, and then we describe the mathematical foundation to the Harrod's instability principle that will be tested then in Chap. 18.

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Year of publication:	2021
Authors:	Orlando, Giuseppe ; Sportelli, Mario C. ; Della Rossa, Fabio
Published in:	Nonlinearities in economics : an interdisciplinary approach to economic dynamics, growth and cycles. - Cham : Springer, ISBN 978-3-030-70981-5. - 2021, p. 177-189
Subject:	Domar model \| Harrod model \| Harrod's instability principle \| Harrod's knife-edge \| Wachstumstheorie \| Growth theory \| Postkeynesianische Wachstumstheorie \| Post-Keynesian growth model

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz im Buch ; Book section ; Konferenzbeitrag ; Conference paper
Language:	English
Other identifiers:	10.1007/978-3-030-70982-2_13 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012648042