Redefining the Economical Power of Nations
Christian Kiss
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper is (over the formulas) self explaining . The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a So-cial factors relativized GDP. This index cuts out the part of the GDP that is long term fro-zen up by social transfers (using the highly aggregated GINI coefficient). Social factors relativized GDP: GDP – GDP x GINI = K_Index Written differently: (1 – GINI) x GDP = K_Index Inflation indexed Version: (1 – GINI – Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K_Index_Infl. / Labor Force = K_PROD_Infl. Debt-to-K_Index: National debt / K_Index = K_Debt Debt-to-K_Index_Infl: National debt / K_Index_Infl. = K_Debt_Infl.
Keywords: Economic Indicator; GDP; GNP; GINI; Productivity; Inequality; Income Distribution; Poverty Growth; Poverty Measurement; Macro Models; International Economic Order; International Industrial Order; Econometrics; Econometric Methods; Econometric Modeling; Macroeconometrics; Mathematical Methods; Mathematical Models; Numerical Methods; National Income and Product Account; Economic Growth; Wage; Economic Growth; Multisector Growth; Saving Growth; Aggregate Produc-tivity; Gross National Product; Gross Domestic Product; Macroeconomic Model; Macroeconomic Time Series; Micro to Macro; National Income Accounting; National Wealth; Econometric Modeling (search for similar items in EconPapers)
JEL-codes: A10 A13 C10 C12 C60 E10 F02 O47 (search for similar items in EconPapers)
Date: 2013-08-11
New Economics Papers: this item is included in nep-hpe and nep-mac
References: Add references at CitEc
Citations:
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/49890/1/MPRA_paper_49890.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/49930/8/MPRA_paper_49930.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/50156/1/MPRA_paper_50156.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/57729/1/MPRA_paper_57729.pdf revised version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:49890
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().