COMPLEX TYPOLOGY OF THE RELATIONSHIP BETWEEN GDP AND ITS SOURCES

• Authors: Kotěšovcová Jana , Mihola Jiŕí , Wawrosz Petr
• Languages of publication: EN

Abstracts

EN

The article describes a complex typology of relations between GDP and its sources: Total factor productivity (TFP) and Total Input Factor (TIF). We analyse how possible changes in TFP and TIF affect GDP development. We give each situation a specific name that clearly explains it. Based on the analysis, the so-called dynamic parameters of intensity and extensity are introduced. The parameters quantify the share of the change in intensive and extensive factors in GDP change. The article further compares our typology with previous ones and discusses the advantages and disadvantages of the chosen parameters.

Keywords

EN

GDP; ECONOMIC DEVELOPMENT; INPUT FACTOR; PRODUCTIVITY; INTENSITY; EXTENSITY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2017
• Volume: 65
• Issue: 10
• Pages: 935 – 951

Contributors

author

Kotěšovcová Jana

• University of Finance and Administration, Prague, Faculty of Economic Science, Estonska 500, Prague, Czech Republic

author

Mihola Jiŕí

author

Wawrosz Petr