Kiss, Christian (2013): Redefining the Economical Power of Nations: An international macroeconomic model that introduces a future aspect into the GDP.
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Abstract
The paper challenges the current common rankings of economies when measured over the GDP, and introduces a set of new Indices 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 frozen up by social transfers.
Furthermore, the paper introduces an economic model that implements the future aspect into the GDP over the factors of change in capital expenditures and change in private investments.
The first part of the paper explains the κ_Index models, the factors that were applied, as well as the reasons for the choice. The second part of the paper shows variations of the κ_Index including a few idealtypical examples. The final part asks some critical questions and concludes the paper.
Basic social factors relativized GDP: κ _Index = GDP – GDP x Gini is (1 – GINI) x GDP Inflation indexed Version: κ _Index_Infl. = (1 – Gini – Inflation) x GDP Future aspect of GDP With Private Investment variable: κp = (B + B × ΔP) – (B × G) With Private Investment variable and inflation: κip = (B + B × ΔP)  [(B × G)+(B × In)]
Productivity Index: κ_PROD = κ_Index / Labor Force = κ_PROD Inflation indexed Productivity Index: κ_PROD_Infl. = κ_Index_Infl. / Labor Force
Debtto κ _Index κ _Debt = National debt / κ_Index Debtto κ _Index_Inflation κ _Debt_Infl. = National debt / κ_Index_Infl.
Item Type:  MPRA Paper 

Original Title:  Redefining the Economical Power of Nations: An international macroeconomic model that introduces a future aspect into the GDP 
English Title:  Redefining the Economical Power of Nations: An international macroeconomic model that introduces a future aspect into the GDP 
Language:  English 
Keywords:  Econometric Modelling, Economic Indicator, Macro Models, International Economic Order, GDP, GNP, GINI, Productivity, Capital Expenditure, Private Investment, Inequality, Income Distribution, Poverty Growth, Poverty Measurement, International Industrial Order, Econometrics, Econometric Methods, , Macroeconometrics, Mathematical Methods, Mathematical Models 
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 > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60  General E  Macroeconomics and Monetary Economics > E0  General > E01  Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts 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 ; CrossCountry Output Convergence 
Item ID:  57729 
Depositing User:  Mr. Christian Kiss 
Date Deposited:  04 Aug 2014 02:56 
Last Modified:  02 Oct 2019 16:41 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/57729 
Available Versions of this Item

Redefining the Economical Power of Nations. (deposited 18 Sep 2013 06:42)

Redefining the Economical Power of Nations. (deposited 19 Sep 2013 12:37)

Redefining the Economical Power of Nations. (deposited 25 Sep 2013 02:53)
 Redefining the Economical Power of Nations: An international macroeconomic model that introduces a future aspect into the GDP. (deposited 04 Aug 2014 02:56) [Currently Displayed]

Redefining the Economical Power of Nations. (deposited 25 Sep 2013 02:53)

Redefining the Economical Power of Nations. (deposited 19 Sep 2013 12:37)