GDP as a Measurer of the Economic Growth – Methodological Specifics and Trends

Rossitsa Rangelova

Economic Studies journal, 2010, issue 4, 3-38

Abstract: The paper examines the discussion issues and trends in the development of the GDP indicator, set in National Account System (NAS), for the more adequate presenting of the actual economic growth. The characteristic of this indicator is outlines and its methodological specifics and limitations as a statistical category are analyzed. The results of the work of the Commission on the Measurement of Economic Performance and Social Progress, headed by J. Stiglitz, are presented and commented. New moments in the introduced NAS’2008 are outlined. GDP is the first and most often used indicator in the international economic comparisons and the implementation of contemporary models of the economic growth. That is why at the end the paper presents the methodological specifics and challenges before it, when it is calculated on the basis of the parity of the purchase ability.

JEL-codes: C4 C81 O47 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2010:i:4:p:3-38

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