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Population Change and Resulting Slowdown in Potential GDP Growth in China
labor force participation population change potential GDP growth rate total factor productivity
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2013/7/5
As a result of the shrinking working age population (aged 15 to 59 years), all factors that have driven China’s rapid economic growth over the past 30 years tend to diminish from 2010. The present pap...
Will GDP Growth Increase Happiness in Developing Countries?
income subjective well-being comparisons adaptation development
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2012/10/31
This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of available international evidence pertaining to the relationship between income growth a...
Beyond GDP and Back: What is the Value-Added by Additional Components of Welfare Measurement?
Stiglitz Commission Stiglitz Report Beyond GDP welfare measurement life satisfaction
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2012/11/1
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material w...
Forcasting GDP using external data sources
GDP external data sources
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2009/11/4
The Office for National Statistics (ONS) is the official provider of National Accounts data in the UK. However, business surveys and financial markets also provide a large number of other possible ind...
GDP(O) revisions analysis system:overview and indicative results
GDP revisions analysis system overview indicative results
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2009/11/4
Revisions are an inevitable consequence of the need for timely estimates of economic growth and are a well-understood part of the statistical process used to compile these estimates. The Office for Na...
Revisions to quarterly GDP growth and its components
Revisions quarterly GDP growth components
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2009/11/4
This article presents the results of the latest revisions analysis of gross domestic product (GDP), updating and developing the previous article, Robinson and Obuwa (2006) published in December 2006. ...
Methods explained:the GDP implied deflator
Methods explained GDP implied deflator
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2009/11/4
This article will introduce readers to the concept of the gross domestic product (GDP) implied price deflator. The GDP implied deflator is used to measure changes in the overall level of prices for th...
Dealing with potential bias in early estimates of GDP
potential bias early estimates GDP
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2009/11/4
Historically, Office for National Statistics (ONS) early estimates of the growth of the volume of gross domestic product have tended to be revised up on average. This article considers why this has oc...
Command GDP:the purchasing power of UK output
Command GDP purchasing power UK output
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2009/11/3
Gross domestic product (GDP) measures the volume of goods and services produced by a nation. By adjusting this measure to reflect movements in the terms of trade, command GDP describes the purchasing ...
Revisions to quarterly GDP growth and its components
Revisions GDP growth components
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2009/11/3
This article presents the results of the latest revisions analysis of gross domestic product (GDP), updating and developing the previous article, Meader (2007) published in November 2007. Revisions to...
GDP components' contribution to U.S. economic growth
U.S. economic growth GDP dollars
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2009/4/22
Rebasing GDP and its components on chained 2001 dollars enhances the role of services as a contributor to economic growth, while diminishing the significance of private investment. Only minor effects ...