GDP as a Measurer of the Economic Growth – Methodological Specifics and Trends
AbstractThe paper examines the discussion issues and trends in the development of the GDP indicator, set in National Account System (NAS), for the more adequate presenting of the actual economic growth. The characteristic of this indicator is outlines and its methodological specifics and limitations as a statistical category are analyzed. The results of the work of the Commission on the Measurement of Economic Performance and Social Progress, headed by J. Stiglitz, are presented and commented. New moments in the introduced NAS’2008 are outlined. GDP is the first and most often used indicator in the international economic comparisons and the implementation of contemporary models of the economic growth. That is why at the end the paper presents the methodological specifics and challenges before it, when it is calculated on the basis of the parity of the purchase ability.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2010)
Issue (Month): 4 ()
Find related papers by JEL classification:
- C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fuess, Scott M, Jr & Van den Berg, Hendrik, 1996. "Does GNP Exaggerate Growth in "Actual" Output? The Case of the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(1), pages 35-48, March.
- Rossitsa Rangelova, 2006. "Experience with Different Methodologies for National Income Accounting in Central and Eastern European Countries, 1950-1990," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-33.
- Heston, Alan, 1994. "A brief review of some problems in using national accounts data in level of output comparisons and growth studies," Journal of Development Economics, Elsevier, vol. 44(1), pages 29-52, June.
- Heston, Alan & Summers, Robert, 1996. "International Price and Quantity Comparisons: Potentials and Pitfalls," American Economic Review, American Economic Association, vol. 86(2), pages 20-24, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.