A Note on Growth Projections for Capital-Constrained Economies Working Paper Series Paper No.2/2001-PC

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dc.date.accessioned2025-12-26T11:20:09Z
dc.date.available2025-12-26T11:20:09Z
dc.date.issued2001
dc.descriptionPerspective Planning Division Planning Commission Government of India, May, 2001
dc.description.abstractThis working paper by Pronab Sen examines the limitations of the Harrod-Domar model in projecting economic growth for capital-constrained economies, highlighting its oversimplified assumptions, including steady-state growth, instantaneous investment translation, and continuous time. The study proposes corrective measures such as discrete time adjustments, accounting for gestation lags, and incorporating capital depreciation. An integrated model combining these adjustments provides a more accurate estimation of the investment required to achieve target growth rates. The paper emphasizes that refined modeling is essential for effective economic planning and investment strategy in developing nations.
dc.identifier.citationPlanning Commission - 2001
dc.identifier.issnC9216
dc.identifier.urihttp://10.21.131.211:4000/handle/123456789/5890
dc.identifier.urihttp://10.21.131.211:8080/eBook/C9216/index.html
dc.language.isoen
dc.publisherPlanning Commission
dc.relation.ispartofseriesC-5880
dc.subjectHarrod-Domar Model
dc.subjectCapital-Constrained Economies
dc.subjectEconomic Growth
dc.subjectIncremental Capital-Output Ratio
dc.subjectDiscrete Time Adjustment
dc.subjectGestation Lags
dc.subjectCapital Depreciation
dc.subjectInvestment Requirements
dc.subjectIntegrated Growth Model
dc.subjectDeveloping Countries
dc.titleA Note on Growth Projections for Capital-Constrained Economies Working Paper Series Paper No.2/2001-PC
dc.title.alternativePerspective Planning Division Planning Commission Government of India, May, 2001
dc.typeReport

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