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  • The paper off ers answers to one of the typical problems of economic theory – how it is practically possible to measure and interpret the quality of economic time series at all economic levels. At the macroeconomic level, the task is solved by weighted geometric aggregation of input factors (labor and capital) into a summary input factor (SIF) – the method is similar to the Cobb-Douglas production function. Th e paper shows differences between our approach and the approach of growth accounting – our approach is based on more general conditions and covers not only situations of growth of economic indicators but also situations of their decline or stagnation. The approach also allows for distinguishing the compensation of input factors. Th erefore, the methodology presented in the paper can be used in many practical applications; for instance, it enables us to clearly calculate intensive and extensive parameters of economic growth.
  • The paper off ers answers to one of the typical problems of economic theory – how it is practically possible to measure and interpret the quality of economic time series at all economic levels. At the macroeconomic level, the task is solved by weighted geometric aggregation of input factors (labor and capital) into a summary input factor (SIF) – the method is similar to the Cobb-Douglas production function. Th e paper shows differences between our approach and the approach of growth accounting – our approach is based on more general conditions and covers not only situations of growth of economic indicators but also situations of their decline or stagnation. The approach also allows for distinguishing the compensation of input factors. Th erefore, the methodology presented in the paper can be used in many practical applications; for instance, it enables us to clearly calculate intensive and extensive parameters of economic growth. (en)
Title
  • Development Intensity of four Prominent Economies
  • Development Intensity of four Prominent Economies (en)
skos:prefLabel
  • Development Intensity of four Prominent Economies
  • Development Intensity of four Prominent Economies (en)
skos:notation
  • RIV/26138077:_____/13:#0000396!RIV14-MSM-26138077
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • S
http://linked.open...iv/cisloPeriodika
  • 3
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 69072
http://linked.open...ai/riv/idVysledku
  • RIV/26138077:_____/13:#0000396
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • Aggregate production function; Summary input factor; Dynamic indicators; Economic growth; Intensive and extensive factors of change of indicators (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [F308719E6002]
http://linked.open...i/riv/nazevZdroje
  • Statistika: Statistics and Economy Journal
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 93
http://linked.open...iv/tvurceVysledku
  • Mihola, Jiří
  • Wawrosz, Petr
issn
  • 1804-8765
number of pages
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