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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
What is better than GDP for measuring business cycles?
 Hnilica, Petr ; Svoboda, Miroslav (advisor) ; Jaklín, Jiří (referee)
This paper has the objective to examine the aggregates which would describe the economic activity during business cycles better than does GDP. GDP counts only final goods. GDP doesn't express the structure of production. GDP also does not cover changes in the prices of property which is during business cycle very affected. But paper doesn't give a clear answer. It rather explains problems and offers several options, because the right choice depends on the ability to obtain quality data. It presents Gross National Output by Mark Skousen and Gross National Produduct by George Reisman. They are focusing on the intermediates. In paper are presented new aggregates. Change in Wealth and Consumption which takes into account the wealth of the national accounts and The Aggregate of Divine Eye which is the sum of all transactions.
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See also: similar author names
1 Hnilica, Peter
2 Hnilica, Přemek
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