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

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  • Rùžena Vintrová

    () (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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    File URL: http://journal.fsv.cuni.cz/storage/1040_s_578_594.pdf
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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. Jan Hanousek & Randall K. Filer, 2000. "Output Changes and Inflationary Bias in Transition," CERGE-EI Working Papers wp167, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
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