The Development of Gross Domestic Product in the Czech Republic and Slovakia between 1970 and 1989
The Development of Gross Domestic Product in the Czech Republic and Slovakia between 1970 and 1989

Summary/Abstract: The paper deals with economic development of both the Czech and Slovak Republics between the years 1970 and 1989. It focuses on the description of economy from nowadays perspective by the commonly used gross domestic product. The estimates were prepared by experts from the Department of Economic Statistics of the University of Economics in Prague. The paper describes the main conceptual differences between the previously used System of Material Product and the currently used System of National Accounts. The most important difference was in the coverage of economic activities that were considered productive for the value added estimation. The paper shows the comparison of previously published figures for Czechoslovakia with figures newly estimated for the Czech Republic and Slovakia. The key data sources consist of officially published figures on global product, national income and symmetric input-output tables.

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