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

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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Year of publication:	2005
Authors:	Vintrová, Rùžena
Published in:	Czech Journal of Economics and Finance (Finance a uver). - Institut ekonomických studií, ISSN 0015-1920. - Vol. 55.2005, 11-12, p. 578-594
Publisher:	Institut ekonomických studií
Subject:	gross domestic product \| qualitative changes \| real convergence \| real gross domestic income \| statistical paradoxes \| terms of trade

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

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