Measurement of Economic Development and Interdependence of Countries

Larisa Korganashvili
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Larisa Korganashvili: Ivane Javakhishvili Tbilisi State University, Tbilisi, Georgia

European Journal of Economics and Business Studies, 2023, vol. 9, issue 1, 111-113

Abstract: At the present time to assess countries economic development, mostly used indicators are per capita GDP and GDP. However, these indicators do not sufficiently reflect the level of economic development of countries. In this regard, for clarification of GDP a correction factor and to determine the interdependence of countries - the interdependence factors are proposed.

Keywords: Economic development; GDP; interdependence of countries; indicators. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eur:ejesjr:221

DOI: 10.26417/ejms.v2i1.p59-61

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