Joan Robinson’s Model of Capital Accumulation | Economic Growth Model | Ecoholics

Описание: Mrs. Joan Robinson has given her model of growth in her classic book.
‘The Accumulation of Capital’ in 1956. Joan Robinson’s model clearly takes the problem of population growth in a developing economy and analyses the influence of population on the role of capital accumulation and growth of output.
In words of Prof. Mathew, The relation between distribution and growth in this model arises partly from the mutual interdependence of the rate of profit and the pace of capital accumulation and partly from the effect of distribution of income on the proportion of income saved.

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