Economic analysis of the Solow model of economic growth

Abstract

Economic growth is one of the most common topics of discussion in economic history. To date, many theorists who explain the factors that affect the generation of economic growth have differentiated themselves. Although the accounting of development dealing with production functions identifies the sources of economic growth, it does not explain why capital accumulation, changes in the ratio of factors of production or productivity occur. Using Solov's growth model, which explains economic growth by the production function in which it shows the relationship between capital accumulation, savings and capital growth, we come to the answer to these questions.

Keywords

• economic growth
• production function
• productivity
• cobb douglas
• solow