| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12300 |
| DP12300 Measuring Aggregate Economic Activity | |
| Akos Valentinyi; Georg Duernecker; Berthold Herrendorf | |
| 发表日期 | 2020-05-08 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Popular ways of measuring aggregate economic activity include the Fisher index of GDP, Weitzman's NDP in consumption units, and GDP in consumption units. We show that it matters which measure is used, because their growth rates differed considerably in the postwar U.S. We compare the properties of the measures in the two-sector growth model and show that the Fisher index of GDP is the preferable measure to use. It has a welfare interpretation under mild restrictions that allow the growth model to match the observed secular decline in the relative price of investment and the observed productivity growth slowdown. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Fisher index Productivity growth slowdown Weitzman's ndp |
| URL | https://cepr.org/publications/dp12300-2 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543653 |
| 推荐引用方式 GB/T 7714 | Akos Valentinyi,Georg Duernecker,Berthold Herrendorf. DP12300 Measuring Aggregate Economic Activity. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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