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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.76, # 2, 2019, pp. 31-45

1
σ* = , 0< <1,

In accordance with the Harrod model, the growth rate is

1
, 0< <1

−

If we compare the two models, because 1 < 1 we can infer the following
−
1 1
inequality < .

−

In other words, the rate of guaranteed balanced growth in accordance with the
Harrod model must be higher than the rate of balanced growth in accordance with
the Domar model. This outcome was reflected in the results of Domar and Harrod
models assessmend using the official statistical data on the Azerbaijan’s economy.

References
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http://www.undp.org/content/dam/azerbaijan/docs/publications/sustainabledevelopm
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