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GDP Upgrade: How Can One Measure the Quality of Economic Growth?

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  • Alexey Kuprianov

Abstract

Sustainable per capita economic growth is possible if the quality of goods and services produced by the economy increases. US GDP growth may be underestimated by 0.4–0.6% per year because of unmeasured (undetected) improvement in the quality of goods and services. Calculation and publication of new statistical indicators such as IQI for separate product groups and the impact of quality on GDP for the whole economy will improve our understanding of the contribution of quality to economic growth.

Suggested Citation

  • Alexey Kuprianov, 2020. "GDP Upgrade: How Can One Measure the Quality of Economic Growth?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 21(4), pages 1-11, October.
    • Handle: RePEc:wej:wldecn:812
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=812
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    Cited by:

    1. Tao Lin & Lijun Wang & Jingbo Wu, 2022. "Environmental Regulations, Green Technology Innovation, and High-Quality Economic Development in China: Application of Mediation and Threshold Effects," Sustainability, MDPI, vol. 14(11), pages 1-20, June.

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