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1 – 10 of over 1000

Abstract

Details

Economics, Econometrics and the LINK: Essays in Honor of Lawrence R.Klein
Type: Book
ISBN: 978-0-44481-787-7

Article
Publication date: 18 October 2011

Udo E. Simonis

World wide, the gross national product (GNP) has been and still is the basic accounting concept and the dominant societal goal and performance indicator. As the concept is full of…

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Abstract

Purpose

World wide, the gross national product (GNP) has been and still is the basic accounting concept and the dominant societal goal and performance indicator. As the concept is full of flaws and deficiencies, national and international committees are searching for alternatives. A view in retrospect may help in this search. The purpose of this paper is to present such a view in retrospect, by looking at the early attempts made to get out of the impasse and to break the deadlock of outmoded concepts.

Design/methodology/approach

This paper deliberately looks at the early attempts made to get out of the impasse of the flawed GNP concept, and to improve and extend traditional accounting. Several of these early attempts are presented in some detail.

Findings

Both the “Growth and Distribution Index” and the “Net National Welfare Index” were useful conceptual innovations. Over time, however, they got lost or were forgotten. The time has come to reactivate such initiatives or to start and implement similar ones.

Practical implications

The traditional GNP concept neglects significant distributive and environmental effects of economic growth. The time has come to either supplement or replace the concept – to go beyond GNP.

Originality/value

The conceptual deficiencies of the traditional GNP concept are on the agenda again. A view in retrospect – as presented in this paper – could help, so that in due course a breakthrough becomes possible in the search for new development indicators.

Details

International Journal of Social Economics, vol. 38 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 3 May 2011

Bahriye Ilhan and Hakan Yaman

The aim of this paper is to analyze and compare the performance of the construction sector in Turkey and selected European Union (EU) countries using input‐output (IO) tables for…

1569

Abstract

Purpose

The aim of this paper is to analyze and compare the performance of the construction sector in Turkey and selected European Union (EU) countries using input‐output (IO) tables for the years 1998 and 2002.

Design/methodology/approach

IO tables are used to analyze and compare the construction sector. First the input‐output analysis and the construction sector are briefly introduced. Then, the data and methodology are specified. A set of indicators obtained from the data is used for the comparative analysis.

Findings

The construction sector of the selected 13 countries is examined in terms of Gross National Product (GNP) and National Income (NI) shares; direct and total construction backward and forward linkage indicators and direct and total construction inputs from manufacturing and services reflecting the technologies used in construction. The key findings are pointed out in the conclusion.

Research limitations/implications

The lack of data from Turkey relating to recent years and incompatibility of new and old data limit this study's scope to the two years.

Originality/value

The concept of using IO analysis for comparing the construction sector has been around for a considerable period of time. This paper has an importance for comparing the construction sector in Turkey and some selected EU countries, being the first study in that field in Turkey, and is therefore of direct importance for the Turkish construction sector.

Details

Engineering, Construction and Architectural Management, vol. 18 no. 3
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 1 May 1990

Chol Lee

Prior findings on consumer and organisational innovativeness areextended to the international setting to identify determinants ofnational innovativeness. The stepwise regression…

Abstract

Prior findings on consumer and organisational innovativeness are extended to the international setting to identify determinants of national innovativeness. The stepwise regression analysis finds that national innovativeness can be explained by four variables: GNP per capita, literacy rate, the ratio of manufacturing and service sectors to total GNP, and number of scientists and engineers per population. Based on this finding, international markets are segmented in terms of national innovativeness.

Details

International Marketing Review, vol. 7 no. 5
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 1 March 1997

Nicholas D. Diamantides

A relatively simple function derived from Benouilli’s differential equation and given the class name “metalogistic” is shown to be an efficient descriptor of the dynamics of a…

Abstract

A relatively simple function derived from Benouilli’s differential equation and given the class name “metalogistic” is shown to be an efficient descriptor of the dynamics of a number of important American aggregates. These include five demographic, i.e. population, urbanization, immigration, birth‐rate, and death‐rate over the 1820‐1992 time period; and six socio‐economic, that is gross national product, GNP deflator, civilian labour force, unemployment, total energy in BTU, and a surrogate of higher knowledge, these over the 1880‐1992 time period. The descriptor in each case is defined by parameters derived from the data through regression, with model efficacy measured by an R2 > 0.90 in almost all cases.

Details

Kybernetes, vol. 26 no. 2
Type: Research Article
ISSN: 0368-492X

Keywords

Book part
Publication date: 30 September 2020

Vincent Geloso and Michael Hinton

We construct a new consumer price index for Canada covering the period from 1870 to 1900. Unlike previous indexes, it includes prices of clothing and household furnishings. This…

Abstract

We construct a new consumer price index for Canada covering the period from 1870 to 1900. Unlike previous indexes, it includes prices of clothing and household furnishings. This is important because these previously neglected components accounted for roughly 20% of consumers' expenditures. Moreover, the price of cotton goods, the most important textile product used for clothing and household furnishings, fell by half between 1870 and 1900 (much faster than other components of the price level). This has ramifications for both the level and trend of Canadian GDP. Because the largest changes in estimation concern the 1870s, we show that the country grew substantially faster than generally believed. It outpaced the United States so much that it entered the twentieth century with an improved economic standing relative to its southern neighbor.

Article
Publication date: 1 December 2001

Ashraf Ragab El‐Ghannam

Examines the effects of demographic, mobility, economic, social and technology factors as independent variables upon industrialization, urbanization and modernization as dependent…

Abstract

Examines the effects of demographic, mobility, economic, social and technology factors as independent variables upon industrialization, urbanization and modernization as dependent variables. Compares between results of the analysis of these factors related to both Cowgill’s and Kuznet’s models. Samples 22 different Arab societies. Suggests that results show a positive relationship between change rate in urban population, expenditure on education, energy consumption per capita, total exports, external debts and modernization. Shows a negative relationship between family size, illiteracy, total imports and modernization, and supports the Cowgill model.

Details

International Journal of Sociology and Social Policy, vol. 21 no. 11/12
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 1 September 1990

Jean K. Thisen

The hypothesis that the growth in total GNP can also be explainedby other factors than the growth in total inputs (capital and labour)and their respective productivities is…

Abstract

The hypothesis that the growth in total GNP can also be explained by other factors than the growth in total inputs (capital and labour) and their respective productivities is analysed by the use of 1960‐1985 OECD country data. The OLS estimations of the models of embodied and disembodied technical change in both capital services as measured by the R&D expenditures and labour productivity as measured by investment expenditures in education and health showed very significant results. However, despite the inclusion of these expenditures in the aggregate production function, GNP growth has not been fully exhausted in all OECD countries. Indeed, the unexplained residual which was computed for these countries turned out to be of non‐negligible magnitude and growth. The assumed non‐factor sources of growth containing the unexplained residual which may not be associated by the movement along a production function would include non‐quantifiable political, social and institutional forces which, in some cases, might interact to speed or adversely delay growth unless they remain stable or improved.

Details

International Journal of Social Economics, vol. 17 no. 9
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 23 July 2021

Liya A, Qian Qin, Hafiz Waqas Kamran, Anusara Sawangchai, Worakamol Wisetsri and Mohsin Raza

This study purposes to measure the influencing relations between macroeconomic indicators and the prices of gold. Further study measures several factors with the gold price in the…

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Abstract

Purpose

This study purposes to measure the influencing relations between macroeconomic indicators and the prices of gold. Further study measures several factors with the gold price in the context of the United States.

Design/methodology/approach

The secondary data are collected to measure relationship and fluctuation of gold prices the data collected from the website world development indicators (WDI) for the period of 31 years 1990–2019. This paper uses different econometric analysis such as analytical unit root test for stationary of data, descriptive statistical analysis for description of data, correlation coefficient test for measuring the inter correlation, and ordinary least square regression analysis for determine the impact of dependent and independents variables. In this research paper, gross domestic product (GDP), inflation rate (IR), unemployment rate (UR), real interest rate (RIR), gross national product (GNP), standard trade value (STV) are included in macroeconomic indicators and consider as independent. The gold prices are considered as dependent variable.

Findings

This study's overall results show an important and optimistic association between GDP, IR and STV with the gold price. Moreover, the RIR shows negative and does not show significant relation with the gold prices.

Originality/value

Since several economic crises were included during the data selection studied in this research paper, data error may be present, resulting in the instability of the overall data. However, the study still hopes to find the guiding role of these macro gold price factors in the price of gold from the limited data set. The basic scope of research is that research is limited in the United States.

Details

Business Process Management Journal, vol. 27 no. 7
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 1 August 1980

R.V. Horn

The term “social indicator” has become familiar in recent years in reference to the quantitative measurement of social phenomena. International organisations within the United…

Abstract

The term “social indicator” has become familiar in recent years in reference to the quantitative measurement of social phenomena. International organisations within the United Nations family and OECD have devoted special programmes to their development, and the term is frequently used by planners, politicians and the press. It has received the accolade of scientific respectability by having a special journal to its name, research programmes of the US National Science Foundation and the United Nations University, annual volumes under its title published by statistical offices of many countries and bibliographies devoted to the literature on the subject.

Details

International Journal of Social Economics, vol. 7 no. 8
Type: Research Article
ISSN: 0306-8293

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