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    Economic Growth: Measurement

    Access Status
    Fulltext not available
    Authors
    Rahman, Habib
    Ulubaşoğlu, Mehmet Ali
    Date
    2015
    Type
    Book Chapter
    
    Metadata
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    Citation
    Rahman, M. and Ulubaşoğlu, M. 2015. Economic Growth: Measurement, in International Encyclopedia of the Social & Behavioral Sciences, pp. 45-50. Burwood, VIC, Australia: Elsevier.
    Source Title
    International Encyclopedia of the Social & Behavioral Sciences (Second Edition)
    DOI
    10.1016/B978-0-08-097086-8.71063-4
    ISBN
    978-0-08-097087-5
    Faculty
    Faculty of Business and Law
    School
    School of Economics, Finance and Property
    URI
    http://hdl.handle.net/20.500.11937/80695
    Collection
    • Curtin Research Publications
    Abstract

    Measuring economic performance of a country is – arguably – one of the most important contributions of empirical economics. Historically, the national income accounting system was designed for maximizing the government earnings by finding better ways of imposing higher taxes. In contemporary economies, economic growth and their estimation approaches have become instrumental in devising social welfare maximizing policies in a more systemic way. This article embodies most of the fundamental measuring techniques of national accounting system in retrospect, and indicates several secondary data sources that are widely used in growth empirics.

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