Comparing the Growth Performance of the New EU Countries

Autor:	Barbara Döbeli, Marcin Kolasa
Rok vydání:	2007
Předmět:	Real income Economics and Econometrics Real gross domestic product Income distribution Economics GDP deflator Aggregate income International economics Per capita income Gross domestic income Gross domestic product
Zdroj:	Eastern European Economics. 45:55-68
ISSN:	1557-9298 0012-8775
Popis:	We measure the contribution of the main factors explaining real domestic income growth in eight new EU countries. Our concept of real domestic income differs from real gross domestic product (GDP) by treating changes in the prices of goods traded internationally as a real effect to income growth. Our estimates show that three countries experience a strong increase in their terms of trade, indicating that real GDP growth underestimates the increase in real domestic income of these countries, and that real GDP growth should be used only to roughly approximate changes in a country's real income.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f0080f98d29473c891112e6431ee2714 https://doi.org/10.2753/eee0012-8775450503 Zobrazit plný text záznamu Plný text ve formátu PDF