Development Intensity of four Prominent Economies
Th e paper off ers answers to one of the typical problems of economic theory – how it is practically possible tomeasure and interpret the quality of economic time series at all economic levels. At the macroeconomic level,the task is solved by weighted geometric aggregation of input factors (labor an...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2013-09-01
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| Series: | Statistika: Statistics and Economy Journal |
| Subjects: | |
| Online Access: | http://www.czso.cz/csu/2013edicniplan.nsf/engt/EC00288FC1/$File/180213q3023.pdf |
| _version_ | 1818508682293411840 |
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| author | Petr Wawrosz Jiří Mihola |
| author_facet | Petr Wawrosz Jiří Mihola |
| author_sort | Petr Wawrosz |
| collection | DOAJ |
| description | Th e paper off ers answers to one of the typical problems of economic theory – how it is practically possible tomeasure and interpret the quality of economic time series at all economic levels. At the macroeconomic level,the task is solved by weighted geometric aggregation of input factors (labor and capital) into a summary inputfactor (SIF) – the method is similar to the Cobb-Douglas production function. Th e paper shows diff erencesbetween our approach and the approach of growth accounting – our approach is based on more general conditionsand covers not only situations of growth of economic indicators but also situations of their declineor stagnation. Th e approach also allows for distinguishing the compensation of input factors. Th erefore, themethodology presented in the paper can be used in many practical applications; for instance, it enables us toclearly calculate intensive and extensive parameters of economic growth. |
| first_indexed | 2024-12-10T22:35:23Z |
| format | Article |
| id | doaj.art-953bf523224f48899e1335b5d34f4631 |
| institution | Directory Open Access Journal |
| issn | 1804-8765 |
| language | English |
| last_indexed | 2024-12-10T22:35:23Z |
| publishDate | 2013-09-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-953bf523224f48899e1335b5d34f46312022-12-22T01:30:56ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal1804-87652013-09-019332640Development Intensity of four Prominent EconomiesPetr WawroszJiří MiholaTh e paper off ers answers to one of the typical problems of economic theory – how it is practically possible tomeasure and interpret the quality of economic time series at all economic levels. At the macroeconomic level,the task is solved by weighted geometric aggregation of input factors (labor and capital) into a summary inputfactor (SIF) – the method is similar to the Cobb-Douglas production function. Th e paper shows diff erencesbetween our approach and the approach of growth accounting – our approach is based on more general conditionsand covers not only situations of growth of economic indicators but also situations of their declineor stagnation. Th e approach also allows for distinguishing the compensation of input factors. Th erefore, themethodology presented in the paper can be used in many practical applications; for instance, it enables us toclearly calculate intensive and extensive parameters of economic growth.http://www.czso.cz/csu/2013edicniplan.nsf/engt/EC00288FC1/$File/180213q3023.pdfAggregate production functionsummary input factordynamic indicatorseconomic growthintensive and extensive factors of change of indicators |
| spellingShingle | Petr Wawrosz Jiří Mihola Development Intensity of four Prominent Economies Statistika: Statistics and Economy Journal Aggregate production function summary input factor dynamic indicators economic growth intensive and extensive factors of change of indicators |
| title | Development Intensity of four Prominent Economies |
| title_full | Development Intensity of four Prominent Economies |
| title_fullStr | Development Intensity of four Prominent Economies |
| title_full_unstemmed | Development Intensity of four Prominent Economies |
| title_short | Development Intensity of four Prominent Economies |
| title_sort | development intensity of four prominent economies |
| topic | Aggregate production function summary input factor dynamic indicators economic growth intensive and extensive factors of change of indicators |
| url | http://www.czso.cz/csu/2013edicniplan.nsf/engt/EC00288FC1/$File/180213q3023.pdf |
| work_keys_str_mv | AT petrwawrosz developmentintensityoffourprominenteconomies AT jirimihola developmentintensityoffourprominenteconomies |