Sermaye Birikiminin Fonksiyonel İfadesi ve Solow Uzun-Dönem Büyüme Modelinde Kararlı-Denge Koşulları

This paper proposes a general solution to Solow’s original differential equation explaining the rate of change capital-labor ratio. Determining time path ratio, we obtain novel conditions under which ratio can reach stable steady-state value. Finally, apply our findings CES production function example and demonstrate that in addition identification conditions, exact period when economy its capital per labor magnitude. Our results state some policy implications be outlined as follows. First, economies where elasticity substitution between is lower than unity, economic policies should different those implemented greater unity. Second, main source uncertainty perspective makers not determining exactly activity would aim shed light on this uncertainty.