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Genuine progress indicator and other alternative measures of economic development: First estimates for the Czech Republic
Král, Michal ; Janský, Petr (advisor) ; Janotík, Tomáš (referee)
Nowadys when measuring economic development, the main focus is on gross domestic product, which is a measure of market activity. Genuine progress indicator is an alternative measure of economic development, which shifts focus to well-being, environment and sustainability. The main goal of this study is to construct genuine progress indicator for the Czech Republic. In the first part I point out weaknesses of current measurement of economic progress. Then I address other indicators proposed as an alternative measure of economic development. After that I discuss genuine progress indicator in detail and explain its calculation for the Czech Republic. In the last part I discuss results of my computations and compare it with gross domestic product and with foreign calculations of genuine progress indicator. Keywords Genuine progress indicator, measure of well-being, economic development, alternative economic indicator, gross domestic product Author's e-mail 1michal.kral1@seznam.cz Supervisor's e-mail jansky@fsv.cuni.cz
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Genuine progress indicator and other alternative measures of economic development: First estimates for the Czech Republic
Král, Michal ; Janský, Petr (advisor) ; Janotík, Tomáš (referee)
Nowadys when measuring economic development, the main focus is on gross domestic product, which is a measure of market activity. Genuine progress indicator is an alternative measure of economic development, which shifts focus to well-being, environment and sustainability. The main goal of this study is to construct genuine progress indicator for the Czech Republic. In the first part I point out weaknesses of current measurement of economic progress. Then I address other indicators proposed as an alternative measure of economic development. After that I discuss genuine progress indicator in detail and explain its calculation for the Czech Republic. In the last part I discuss results of my computations and compare it with gross domestic product and with foreign calculations of genuine progress indicator. Keywords Genuine progress indicator, measure of well-being, economic development, alternative economic indicator, gross domestic product Author's e-mail 1michal.kral1@seznam.cz Supervisor's e-mail jansky@fsv.cuni.cz
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Analysis of gross domestic product and gross national product in the CR: Comparison of the GDP and GNP of CR
Pánková, Michaela ; Janíčko, Martin (advisor) ; Mirvald, Michal (referee)
The bachelor thesis is focused on the gross domestic and gross national product in the Czech Republic and to the comparison of the composition of these elementary indicators of economic activity. At first the theory behind the aggregates is presented. The predicative value of HDP and HNP is explained, it is then touched upon what the methodological problems of their determination are, their possible division according to existing methodologies, and methods of calculation. Following part is focused on detailed examination of the composition of GDP and GNP in the CR, as relevance of the use of GDP can be succesfully doubted, at least in case of some states. This will be reffered to the example of the selected time period 2004-2008. Subsequently, the structure of GDP and GNP is essentially compared. In concluding part and based on simple econometric analysis, an evaluation is made as to whether GDP indicator in the CR is very reliable so as to be favored over other units and whether differences in GDP and GNP are so great, as is clear from the figures. Finally, it is noted that indicators are better explained by developments in the euro area economy.
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