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What the GDP Indicator Does Not Reveal in Economic Analyses (in English)

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  • Rùžena Vintrová

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    (Centre for Economic Studies, University of Economics and Management, Prague)

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    Abstract

    In real terms, gross-domestic-product indicators do not record a country's trading gain or loss. The real growth of gross domestic income, which include terms-of-trade changes, were approximately one percentage point higher than the GDP growth rates of the Czech Republic and belonged among the fastest in central Europe. Moreover, real GDP growth does not accurately express the development of real convergence.

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    Bibliographic Info

    Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

    Volume (Year): 55 (2005)
    Issue (Month): 11-12 (November)
    Pages: 578-594

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    Handle: RePEc:fau:fauart:v:55:y:2005:i:11-12:p:578-594

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    Related research

    Keywords: gross domestic product; qualitative changes; real convergence; real gross domestic income; statistical paradoxes; terms of trade;

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    1. Vasily Astrov & Vladimir Gligorov & Peter Havlik & Mario Holzner & Gabor Hunya & Jari Jumpponen & Jatta Kinnunen & Sebastian Leitner & Zdenek Lukas & Anton Mihailov & Leon Podkaminer & Josef Pöschl &, 2005. "Accelerating GDP Growth, Improved Prospects for European Integration," wiiw Research Reports 314, The Vienna Institute for International Economic Studies, wiiw.
    2. Randall K. Filer & Jan Hanousek, 2001. "Output Changes and Inflationary Bias in Transition," Macroeconomics 0012010, EconWPA.
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