Alternatives for evaluating a country's economics development

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Alternatives for evaluating a country's economics development

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Alternatives for evaluating a country's economics development

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

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

ISSN

1211-555X

e-ISSN

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Svazek periodika

XXIII.

Číslo periodika v rámci svazku

37, 2/2016

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

13

Strana od-do

164-176

Kód UT WoS článku

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EID výsledku v databázi Scopus

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