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ISSN: 2333-9721
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-  2018 

AN ECONOM?C APPROACH TO F?BONACC? GOLD RAT?O

Keywords: Fibonacci Alt?n Oran?,Solow Alt?n Oran?,Panel Veri Analizi

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Abstract:

In this study, it is explained what the Fibonacci gold ratio can mean for the economy. Firstly, what is the Fibonacci series and how it is used in science is explained. Then how to use it in economics. For this, the economic growth model of Solow is compared with Fibonacci. This coastline is based on simple income accounting and simple Keynes expenditure equation is used. Thus, how much of national income should be allocated between consumption and saving is determined by Fibonacci gold ratio. To do this, the Solow growth model's gold ratio is mathematically explained to describe the similarity to the Fibonacci gold ratio. This similarity proves via econometric analysis that the Solow model converges to Fibonacci ratio. Econometric analysis was analyzed by panel data method using data from 22 OECD countries. As a result, it is emphasized that Fibonacci gold ratio can be a place in economics which is a social science as in other sciences

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