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

Author

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  • Rùžena Vintrová

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

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.

Suggested Citation

  • Rùžena Vintrová, 2005. "What the GDP Indicator Does Not Reveal in Economic Analyses (in English)," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 55(11-12), pages 578-594, November.
  • Handle: RePEc:fau:fauart:v:55:y:2005:i:11-12:p:578-594
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    File URL: http://journal.fsv.cuni.cz/storage/1040_s_578_594.pdf
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    References listed on IDEAS

    as
    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 - Economics Institute, Prague.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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