Modeling Economic Growth: Domar on Moving Equilibrium

Boianovsky, Mauro

doi:10.1215/00182702-4193008

Cited by 21 publications

(5 citation statements)

References 52 publications

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“…The coefficient suggests that a 1% increase in capital investment reduces unemployment rate by 10.8 and 10.7% respectively for the pooled and female category. This result is expected and conforms to the studies of Limosani and Monteforte (2017) and Boianovsky (2015) who made the case that capital growth boosts production capacity, thereby generation more jobs and lowering the unemployment rate in the country. The one-lagged period of GCF also presented a mixed (positive and negative) significant impact on unemployment for the female and male categories.…”

Section: Short-run Dynamicssupporting

confidence: 90%

Untitled

2022

IJBESAR

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AIM AND SCOPEThe International Journal of Business and Economic Sciences Applied Research (IJBESAR) is a blind peer-reviewed, scholarly journal devoted to publishing high-quality papers and sharing original business and economics research worldwide. The Journal considers only manuscripts that have not been published (or submitted simultaneously), at any language, elsewhere. Contributions are in English. The authors retain the copyright of their work without restrictions. The Journal is issued both in electronic form (for free) and in printed form as annual volume (free for the authors). The Journal accepts 9 types of articles defined as follows:1. Research Articles: A research article is a regular article which aims to present new findings. 2. Letters to the Editor: A letter to the editor is a short article which aims to present new findings that require fast publication procedures. 3. Notes: A note is an article (regular or short) which aims to present rather new findings. 4. Comments: A comment is a short article that makes comments on another article already published by this journal or replies to a comment; 5. Review Articles: A review article is an article which aims to present comprehensively already existing findings.6. Lecture Notes: A lecture note is a short review article. 7. Monographs: A monograph is a thesis of one or more authors on a unique subject; apart from the standard reviewing procedures, a monograph must also be accepted from a committee of specialists appointed by the Editor. 8. Innovations: An innovation is an article which aims to present new procedures or devices. 9. Selected conference articles: Upon an agreement with a conference committee, selected papers may be published by the Journal in a special section. In this case the editor will appoint in collaboration with the conference committee guest editors.

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Section: Short-run Dynamicssupporting

confidence: 90%

Untitled

2022

IJBESAR

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“…Economic growth is viewed not only as an increase in the capacity of the economy to produce goods and services but also a contributing factor in poverty reduction. Some of the most cited models in the literature of economic growth are the Harrod growth model (Masoud, 2014)., the Domar growth model (Boianovsky, 2016)., the Solow Model or the new classical growth model (Hoeffler, 2002;Snowdon, 2009) This paper will primarily focus on the new school of economic growth.…”

Section: Theoretical Literaturementioning

confidence: 99%

The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

Philippe Montout,

Kwasi Peprah,

A. Oriaku

et al. 2024

IJBMS

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This study examines the impact of the COVID-19 pandemic on selected Sub-Saharan African countries in terms of GDP, Inflation, and Balance of Payment (BPM6) The paper addresses a significant knowledge gap regarding the pandemic's influence on emerging financial markets in Africa. A longitudinal research design was adopted, analyzing data from Ghana, Kenya, Nigeria, and South Africa between 2017 and 2022. The study utilized GDP per capita growth, Inflation, and Balance of Payment as dependent variables, employing a repeated measure of ANOVA for analysis. The use of the 6th edition of the Balance of Payments Manual (BPM6) is an important macro-economic indicator significant in determining the performance of any country with the rest of the world. The results indicate substantial shifts in BPM6, GDP, and inflation rates before and after the pandemic. Specifically, there was a decrease in BPM6 deficits, an increase in inflation rates, and a slowdown in GDP growth post-pandemic, highlighting COVID-19's significant economic impact. The study recommends implementing policies to stabilize the economy, focusing on fiscal stimuli to boost GDP, controlling inflation, and managing external debts to improve the balance of payments. This research provides valuable insights for policymakers, investors, and stakeholders to effectively navigate financial market dynamics in Africa during and beyond the pandemic era.

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“…By that time, under the influence of Alvin Hansen, his Ph.D. advisor and a leading Keynesian economist, Domar was already well known due to his seminal contributions -together with, but independently from, Roy Harrod (1939 -to the founding of growth economics as a new research field in Keynesian macroeconomics, expressed in the so-called "Harrod-Domar growth model" (Domar [1946(Domar [ , [1947 1957; see Boianovsky 2017Boianovsky , 2021a. Domar became an American citizen in 1942; he lived in that country until his ultimate death in Massachusetts in 1997.…”

Section: Between Keynesian Economics and Sovietologymentioning

confidence: 99%

“…Domar achieved that by deploying a stable capital-output ratio and applying the general framework of his 1946-47 growth model to show that a rising propensity to save (as assumed by Sweezy) was not necessary to produce excess increase of capacity in relation to the path of aggregate demand, which was Domar's sense of "underconsumption". Excess capacity resulted from an actual growth rate below the required equilibrium growth rate given by the output-capital ratio (σ) times the saving ratio (α), as expressed by Domar's famous formula r = σ α (Boianovsky 2017(Boianovsky , 2021a. Hence, from Domar's standpoint, underconsumption provided an important link in the history of macroeconomics, despite its often-imprecise formulation (see Boianovsky 2021b).…”

Section: The Shadow Of Tugan-baranovskymentioning

confidence: 99%

Domar, the West and Russian economics: a historical perspective

Boianovsky

2022

Brazil. J. Polit. Econ.

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The paper discusses Evsey Domar’s role as a link between economics in the West and in Russia, including his influence on some Brazilian economists. The Russian heritage he brought with him from Harbin (Manchuria) to the US consisted of an interest in socialism and Russian history. He paid close attention to the 1947 Varga controversy in the USSR. Domar’s rediscovery of Feldman’s (1928) growth model in 1957 brought it to the attention of Western and Soviet economists alike. Soviet economic development was also discussed in his interpretation of Preobrazhensky’s (1926) approach to the interaction between agricultural and industrial sectors. Domar’s 1966 seminal article on producer cooperatives called attention to Tugan-Baranovsky’s 1915 book on the topic. Domar’s interest in history resulted in his 1970 hypothesis about the origins of Russian serfdom and of North and South American slavery. Soviet economists paid some attention to Domar’s growth models, especially those involving depreciation and the time structure of capital goods.

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Modeling Economic Growth: Domar on Moving Equilibrium

Cited by 21 publications

References 52 publications

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The Impact of The Covid-19 Pandemic on The Selected Countries in Sub-Saharan Africa in Terms of GDP, Inflation and Balance of Payment (BPM6)

Domar, the West and Russian economics: a historical perspective

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