Sharma, Krishna Prasad2023-05-022023-05-021962-06https://hdl.handle.net/1794/28239222 pagesIn this work a study of the theory of economic growth under three different technological assumptions is attempted. The first of them is the famous Harrod’s model of economic growth which is based on the assumption of fixed coefficients of production. The second is the neoclassical model that assumes that a given amount of goods can be produced by varying combinations of different factors of production. The third model, which is based on that of Johansen, attempts a synthesis of the other two by assuming that factor substitution is possible only at the time when the old capital is replaced by the new or when new investment is made, whereas for the old plant which is still operating, the coefficients of production retain the values planned at the time the plant is newly built.enCreative Commons BY-NC-ND 4.0-USHarrod's ModelKaldor's Theory of Distributioncapital goodsThesis / Dissertation