Redefining the Economical Power of Nations

Kiss, Christian (2013): Redefining the Economical Power of Nations.

Abstract

The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a Social factors relativized GDP.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economics, Macro, Gini, Inflation, GDP, inequality, econometric, productivity, debt, debt-to-gdp
• Subjects: A - General Economics and Teaching > A1 - General Economics > A10 - General; A - General Economics and Teaching > A1 - General Economics > A13 - Relation of Economics to Social Values; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General; F - International Economics > F0 - General > F02 - International Economic Order and Integration; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

References

Hohlstein M. (2003): Lexikon der Volkswirtschaft, 2. Auflage, DTV Verlag München, 2003, ISBN 3-423-05898-6