11.2 Classical Economic Growth Theory o Harrod-Domar growth model &s Equilibrium point: e,, e2, e3 .o Product level:Y1,Y2,Y3 . Equilibrium condition the ratio of capital and labour equals to C K 复表经济学院
11.2 Classical Economic Growth Theory Harrod——Domar growth model ： ❖ Equilibrium point：e1，e2，e3 ❖ Product level：Y1，Y2，Y3 ❖ Equilibrium condition：the ratio of capital and labour equals to 。 v L L K v K t t t t = ,或 = v
11.2 Classical Economic Growth Theory o Harrod-Domar growth model .s The relationship between the gross product and investment under the given saving rate: dY t 复表经济学院
11.2 Classical Economic Growth Theory Harrod——Domar growth model ： ❖ The relationship between the gross product and investment under the given saving rate： dt dI dt s dY I s Yt t 1 1 = =