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No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 2 / 2023 (635), Summer

Evolution of growth theory: from Harrod to Romer

Mrinal SAIKIA
Gauhati University, Assam, India
Prakash DAS
Gauhati University, Assam, India
Disha NEOG
Gauhati University, Assam, India

Abstract. Economics and the ideas of economists are often found to be closely linked with how society and individuals can enhance their economic well-being and how the process of growth and wealth accumulation can be encouraged. From the very beginning of economic thought, the idea of economic growth and the process of achieving it has been a prime concern among scholars of economists. The growth theory, put forward by Sir Henry Roy Forbes Harrod is popularly known as a starting of the modern views relating to growth theories. The paper tries to present a survey regarding the development of these modern growth theories of economics starting from Harrod to Romer, who got the Novel Prize for his endogenous growth theory.

Keywords: growth theories, modern growth theory, endogenous growth, evolution.

Contents

1

The future of money and the money supply

Constantin ANGHELACHE · Mădălina-Gabriela ANGHEL · Ștefan Virgil IACOB · Dana Luiza GRIGORESCU

2

Implications of migration policies on reducing income inequalities and poverty in Europe

Monica BURESCU MIHĂILA · Paula Roxana CUCOȘ

3

The green and digital transition through innovation, SME competitiveness, and economic resilience: Evidence from the European Union economies

Lejla TERZIĆ

4

An analysis regarding the transition from quantitative easing to quantitative tightening in the Euro Area

Laura-Mădălina IACOB (PÎRȘCOVEANU)

5

Modern leadership in business organisations during economic disruption

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6

Does the effectiveness of money supply and foreign direct investment determine the industrial growth performance in India?

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7

The effect of poverty and income inequality on CO2 emission based on Environmental Kuznets Curve analysis: Empirical evidence from selected developing countries

Yusuf Ekrem AKBAS · Fuat LEBE

8

Can renewable energy sources pump the economy

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9

Evolution of growth theory: from Harrod to Romer

Mrinal SAIKIA · Prakash DAS · Disha NEOG

10

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11

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Frequency domain causality analysis of financial development and economic growth in Côte d’Ivoire

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13

Theoretical framework to introduce rainfall index-based futures contracts in India

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14

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15

Does foreign direct investment contribute to reducing unemployment in Algeria?

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16

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17

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