How to Express and to Measure Whether an Economic System Develops Intensively
| Autor: | Jana Kotěšovcová, Petr Wawrosz, Jiří Mihola |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Czech
Typology Information Systems and Management Computer Networks and Communications dynamic intensity parameter total factor productivity lcsh:TA168 growth accounting lcsh:Technology (General) 0502 economics and business Economics 050207 economics dynamic extensity parameter Total factor productivity Productivity total input factor Measure (data warehouse) 050208 finance intensive development system output 05 social sciences Growth accounting language.human_language lcsh:Systems engineering Control and Systems Engineering Modeling and Simulation Value (economics) language lcsh:T1-995 Economic system Intensive and extensive properties Software |
| Zdroj: | Systems Volume 6 Issue 2 Systems, Vol 6, Iss 2, p 24 (2018) |
| ISSN: | 2079-8954 |
| DOI: | 10.3390/systems6020024 |
| Popis: | This article presents comprehensive typology of all possible relationships among inputs of an economic system, their productivity, and output. Each situation is given an exact name explaining how intensive and extensive factors contributes to the system development. The exact contributions of the factors can be counted by so-called dynamic intensity and extensity parameters. The article describes logic of the parameters, discusses their advantages and problems and assigns their values to the presented nomenclature of the developments. The parameters are further compared with growth accounting methods and their use is demonstrated on the development of macroeconomic system on the national economy level when it is counted how intensive and extensive parameters contribute to the Czech and German GDP development in the period 1991&ndash 2017. The analysis confirms that the parameters can be used as an alternative methods to growth accounting and that managers of any economic system should pay attention whether a system achieves positive value of the dynamic intensive parameters in long run. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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