ČESKÁ EKONOMIKA VE SVĚTLE ALTERNATIVNÍCH UKAZATELŮ EKONOMICKÉ VÝKONNOSTI A BLAHOBYTU

• Authors: Spěváček Vojtěch

Title variants

EN

Czech economy in the light of alternative indicators of economic performace and welfare

• Languages of publication: CS

Abstracts

EN

An overall assessment of economic development of the country is to be based not only on the gross domestic product, which is considered as the most important indicator, but on the comprehensive system of indicators which show different aspects of an economic life. These indicators are contained in the system of the national accounts. The article explains and analyses the national income which takes into account net outflow of the primary incomes from the country, net domestic product (GDP less consumption of fixed capital) and the indicators of real income which are influenced by the changes in the terms of trade. The indicators of final consumption, disposable income and savings of households are taken as proxy for the characteristics of welfare. The development of the Czech economy in the period 1995-2005 can be assessed differently by using the different indicators. The formation of an economic policy needs integrated picture based also on the alternative indicators.

Keywords

EN

GROSS DOMESTIC PRODUCT; NATIONAL INCOME; REAL INCOME

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2007
• Volume: 55
• Issue: 7
• Pages: 676-696
• Document type: ARTICLE

Contributors

author

Spěváček Vojtěch

• V. Spevacek, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republik

Identifiers

CEJSH db identifier

07SKAAAA03356906