Economic Growth: Measurement
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)
ISBN
Faculty
Faculty of Business and Law
School
School of Economics, Finance and Property
Collection
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.
Related items
Showing items related by title, author, creator and subject.
-
Burke, Gary R. (2012)Conventionally, the neoclassical economic discourse is used to interpret sustainability. Sustainability is regarded as an economic problem and sustainability policies focus on maintaining various forms of capital. This ...
-
Rafiq, Shuddhasattwa (2009)It is now well established in the literature that oil consumption, oil price shocks, and oil price volatility may impact the economic activities negatively. Studies identifying the relationship between energy and/or oil ...
-
Tonts, Matthew A. (1998)This thesis examines economic restructuring and changing governmental regulation in the Central Wheatbelt of Western Australia. It argues that, for much of this century, Australian governments were committed to the ...