Harrod's contribution to economic dynamics is very often reduced to the dynamic equation whose character is unstable. Growth theory and cycle theory based on Harrod's contributions aimed at reducing this instability. Following Harrod, who was strongly opposed to the 'knife-edge' interpretation,...

[eng] This paper aims at analyzing the impact of capital markets dynamics on the financing of technological change. This approach is based on the existence of beliefs dynamics caused by a contagion process. We develop a model focusing on agents' heterogeneity considering that there is a...