The Complex Typology of the Relationship between GDP and Its Sources
The Complex Typology of the Relationship between GDP and Its Sources
Author(s): Jana Kotěšovcová, Jiří Mihola, Petr WawroszSubject(s): National Economy, Economic development
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: GDP; economic development; total input factor; total factor productivity; dynamic parameters of intensity and extensity; economic growth;
Summary/Abstract: 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.
Journal: Ekonomický časopis
- Issue Year: 65/2017
- Issue No: 10
- Page Range: 935-951
- Page Count: 17
- Language: English
