Redefining the Economic Power of Nations
Copyright policy )Redefining the Economic Power of Nations
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.
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, jel: jel:C60, jel: jel:A10, jel: jel:C12, jel: jel:E10, jel: jel:C10, jel: jel:A13, jel: jel:F02, jel: jel:O47
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, jel: jel:C60, jel: jel:A10, jel: jel:C12, jel: jel:E10, jel: jel:C10, jel: jel:A13, jel: jel:F02, jel: jel:O47
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