Alternatives for evaluating a country’s economic development

Show simple item record Volejníková, Jolana Řezníček, Jan 2016-09-21T10:53:09Z 2016-09-21T10:53:09Z 2016
dc.identifier.issn ISSN 1211-555X (Print)
dc.identifier.issn ISSN 1804-8048 (Online)
dc.description.abstract Although real GDP is considered a key macroeconomic indicator for a nation’s economic development, various criticisms of its method of measurement and interpretation have been appearing increasingly more often. In the previous century, Simon Kuznets already expressed certain doubts. There are a number of alternative methods and proposals (or additions) to GDP for assessing the current level of societal development. This paper deals with comparing these alternatives. Attention is also devoted to analyzing empirical data concerning the development of real GDP and the Human Development Index (HDI). Data will be compared for the Czech Republic and the other countries that jointly entered the EU together with the Czech Republic in 2004 (the EU-10). The reason for this double comparison is to judge the development of this group of countries through the lens of the double comparison method. From the analysis we conducted, it follows that a country’s economic development judged on the basis of real GDP shows different characteristics than economic development perceived as satisfaction with a fuller quality of human life. eng
dc.format p. 164-175 eng
dc.language.iso eng
dc.publisher Univerzita Pardubice cze
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 37/2016 eng
dc.rights open access eng
dc.subject economic growth eng
dc.subject quality of life eng
dc.subject Gross domestic product eng
dc.subject Human Development Index eng
dc.subject European Union eng
dc.title Alternatives for evaluating a country’s economic development cze
dc.type Article cze
dc.peerreviewed yes eng
dc.publicationstatus published eng
dc.identifier.scopus 2-s2.0-84988478579
dc.identifier.obd 39878150
dc.subject.jel A13
dc.subject.jel E01

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