摘要：AK models, unlike the exogenous models, factor in technology as endogenouslydetermined within the model by economic decisions; hence they are also calledendogenous models. This paper serves to outline the AK model as propounded by Frankel(1962) as well as to evaluate its relevance to a developing country. A theoreticalapproach is used to analyse its relevance. It was noted that, the AK model by Frankel(1962) is relevant to developing countries as it helps to combat the major impediments toeconomic growth faced in these countries such as low productivity, high unemployment,low levels of investment and dilapidated infrastructure. Capital accumulation will alsobring positive externalities through learning by doing effects. The model mightnevertheless fail to bring desired results since it does not consider other factors such aspolitical instability and good institutions which equally contribute to economic growth
关键词：Developing Countries; AK Model; Endogenous Model; Zimbabwe
