Optimization issues of sectoral outputs in economic output

The traditional methodology uses the real GDP growth as a proxy for the economic growth. Unfortunately this way of calculating economic growth is not taking into account of the sector inequality in the economy (especially in the economy with high degree of natural resource dependency). Therefore, this paper proposes the new approach to optimize the share of sector outputs in the economy which take into account of the inequality.

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Year of publication:	2014-04-30
Authors:	Yondonjamts, Batsukh ; Nyamdash, Batsaikhan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	economic output \| elasticity \| sector output

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E40 - Money and Interest Rates. General ; E47 - Forecasting and Simulation ; O1 - Economic Development ; O11 - Macroeconomic Analyses of Economic Development ; O2 - Development Planning and Policy ; O21 - Planning Models; Planning Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011114545