School of Economics | Balanced Growth Theory (With Diagram)

906

archive,tag,tag-balanced-growth-theory-with-diagram,tag-906,ajax_fade,page_not_loaded,,qode-title-hidden,qode_grid_1300,qode-content-sidebar-responsive,qode-theme-ver-11.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.1.1,vc_responsive

04 Sep Balanced Growth Theory (With Diagram)

Posted at 00:12h in SOE by Admin 0 Comments

1 Like

The balanced growth theory can be explained with the views of: (a) Rosenstein Rodan and (b) Ragnar Nurkse and (c) Lewis (A) Views of Rosenstein Rodan: In 1943 article, Rosenstein Rodan propounded this theory but without using the term balanced growth. He stated that the Social Marginal Product (SMP) of...