Alternatives for evaluating a country's economics development

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39902221" target="_blank" >RIV/00216275:25410/16:39902221 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Alternatives for evaluating a country's economics development

Original language description

Although real GDP is considered a key macroeconomic indicator for a nation's economic development, various criticisms of its method of measurement and interpretation have been appearing increasingly more often. Is GDP ceasing to be a suitable indicator for expressing an economy's development? Shouldn't another (more appropriate) indicator - or even a whole system of indicators - be used? Is GDP able to express quality of life? In the previous century, Simon Kuznets already expressed certain doubts. There are a number of alternative methods and proposals (or additions) to GDP for assessing the current level of societal development. This paper deals with comparing these alternatives. Attention is also devoted to analyzing empirical data concerning the development of real GDP and the Human Development Index (HDI). Data will be compared for the Czech Republic and the other countries that jointly entered the EU together with the Czech Republic in 2004 (the EU-10). The reason for this double comparison is to judge the development of this group of countries through the lens of the double comparison method. Using the results of this qualitative and quantitative analysis, the paper's conclusion discusses selected problems related to the evaluation of a country's economic development and its interpretation using a wider theoretical and practical perspective.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Volume of the periodical

XXIII.

Issue of the periodical within the volume

37, 2/2016

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

164-176

UT code for WoS article

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EID of the result in the Scopus database

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