Redefining the Economical Power of Nations
AbstractThis paper is (over the formulas) self explaining . The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a So-cial factors relativized GDP. This index cuts out the part of the GDP that is long term fro-zen up by social transfers (using the highly aggregated GINI coefficient). Social factors relativized GDP: GDP – GDP x GINI = K_Index Written differently: (1 – GINI) x GDP = K_Index Inflation indexed Version: (1 – GINI – Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K_Index_Infl. / Labor Force = K_PROD_Infl. Debt-to-K_Index: National debt / K_Index = K_Debt Debt-to-K_Index_Infl: National debt / K_Index_Infl. = K_Debt_Infl.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49890.
Date of creation: 11 Aug 2013
Date of revision:
Economic Indicator; GDP; GNP; GINI; Productivity; Inequality; Income Distribution; Poverty Growth; Poverty Measurement; Macro Models; International Economic Order; International Industrial Order; Econometrics; Econometric Methods; Econometric Modeling; Macroeconometrics; Mathematical Methods; Mathematical Models; Numerical Methods; National Income and Product Account; Economic Growth; Wage; Economic Growth; Multisector Growth; Saving Growth; Aggregate Produc-tivity; Gross National Product; Gross Domestic Product; Macroeconomic Model; Macroeconomic Time Series; Micro to Macro; National Income Accounting; National Wealth; Econometric Modeling;
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- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-26 (All new papers)
- NEP-HPE-2013-09-26 (History & Philosophy of Economics)
- NEP-MAC-2013-09-26 (Macroeconomics)
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