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Redefining the Economical Power of Nations

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

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Abstract

The paper challenges the perceived equality of economies and introduces a set of hy-pothetical Indexes based on the factors GDP, GINI Coefficient and Inflation. This Social factors relativized GDP cuts out that part of the GDP, which is structurally long term fro-zen up by social transfers.

The first part of the paper explains the factors used in the K_index, as well as the reason for the choice. The second part of the paper shows varia-tions of the K_Index including a few ideal typical examples. The final part asks some critical questions and concludes the paper.

Basic social factors relativized GDP: GDP – GDP x GINI is (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.

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