scholarly journals alteration in GDP due to new methods

2019 ◽  
Vol 15 (4) ◽  
pp. 224-242
Author(s):  
Simran Nagra

Gross Domestic product is the final value of goods and services produced within the geographical boundaries of a country during a specified period of time, normally a year. This single word is wide concept in itself which display the entire scenario of an economy. The change in the GDP calculations was devised by India’s statisticians working for the central Statistical Organisation that is under the Ministry of Statistics & Programme Implementation (MOSPI), who released the new figures. There have been no changes so far in calculation of GDP leaving shift in base year. Changes have occured in GDP analysis like GDP which used to calculate at factor cost has been converted into market price and Central statistical organisation (CSO) has broadened the base to collect data analysis. Changes are  making the increment in gross domestic product (GDP) by more than 40 per cent from 4.7 per cent in FY 2012-13 to 6.9 per cent (2013-14). This 40 per cent increment is due to change in methodology.The relevant data were collected from the specified documents, economic surveys and compiling data bases in order to analyze the material and arrive at more accurate comprehension regarding the data analysis of growth rate in the wider terms. The paper has shown that alterations which have been adopted, all are lifting the growth rate up whether it’s being due to change in method or being consideration of GDP deflators.

2016 ◽  
Vol 64 ◽  
pp. 524-530 ◽  
Author(s):  
Igor Mladenović ◽  
Miloš Milovančević ◽  
Svetlana Sokolov Mladenović ◽  
Vladislav Marjanović ◽  
Biljana Petković

2021 ◽  
Vol 2 (2) ◽  
pp. 226-236
Author(s):  
Dadang Husen Sobana ◽  
Ricky Hamzah ◽  
Sri Habibah

Third-party funds at Islamic commercial banks in Indonesia fluctuated. The factors that determine the accumulation of third-party funds are essential for Islamic banks' financial stability and management. This study aims to show and describe the effect of gross domestic product and inflation on third-party funds partially and simultaneously. The research method used is descriptive-associative with a quantitative approach. The population used is Islamic commercial banks in Indonesia. Data analysis using multiple linear regression. The results show that gross domestic product and inflation partially affect third-party funds in Islamic commercial banks in Indonesia. Meanwhile, simultaneously gross domestic product and inflation have a significant effect with a contribution of 85.5% to third-party funds in Islamic commercial banks in Indonesia. The increase in third-party funds depends on Indonesia's macroeconomic conditions, the dominant macroeconomic influencing the collection of third-party funds in Islamic commercial banks in Indonesia.


1988 ◽  
Vol 126 ◽  
pp. 3-5

The growth rate of gross domestic product may well exceed 5 per cent in 1988. Investment demand is now rising very rapidly, reinforcing the strength of consumer spending. Output, in the manufacturing sector at least, is approaching the limits set by capacity. Partly for that reason imports have risen much faster than domestic production and inflation is beginning to accelerate. The authorities have responded by raising interest rates.


2021 ◽  
Author(s):  
Laura Adler ◽  
Daniel Hirschman

This paper examines “market talk” as a pervasive and flexible cultural tool. We analyze two cases in which the market is invoked as a justification: employers’ pay-setting practices and the exclusion of unpaid housework from calculations of gross domestic product. Employers interpret a candidate’s past salary as “the market price” indicating that individual's value, and thus use salary history as the basis for salary offers. National income statisticians argue that the absence of market prices for housework renders housewives' true economic value uncalculable. We identify three key features of market talk: authority, credibility, and accessibility. These features offer a framework for understanding why actors invoke markets and with what effects. Beyond understanding how culture constitutes or affects markets, economic sociology must also understand the market as a cultural object and, in particular, as a potent and gendered form of justification.


Author(s):  
Constantin Anghelache ◽  
Mădălina-Gabriela Anghel ◽  
Ştefan Virgil Iacob ◽  
Ştefan Gabriel Dumbravă

Abstract Tourism is one of the consistent branches of the national economy, which can ensure some concrete results and a tailor-made contribution to the formation of the Gross Domestic Product. The tourism industry is also called invisible trade in the sense that, although it does not export goods and services, by practicing it, by developing it, it ensures consistent revenues to the state budget, but also ensures the possibility of increasing Gross Domestic Product. Analysing the current situation of the health and economic-financial crisis, it is found that in 2020 HoReCa, the tourism industry, complementary services have decreased alarmingly. Against this background, tourism has reduced its contribution to the formation of the Gross Domestic Product, which can lead to an even greater decrease. Investments in tourism are eroding. There is no possibility of refinancing despite support measures provided by the authorities. We say in spite of some measures granted because the postponement of some payments, the postponement of some credits, the transition to technical unemployment and others will be coupled later with other measures with almost devastating effect for the Romanian economy. Thus, many jobs will be lost. On the other hand, tourism companies will not be able to move from technical unemployment to normal activity and give a minimum of six months to those in this situation. The tourist market practically does not exist because there are only sequential possibilities in which it takes place, but especially under the rule of business activities, which are also considered tourist activities. The tourist activity materialized through arrivals, overnight stays, arrivals and departures has decreased steadily and this result mainly from the data subject to the study we mentioned. It is necessary to interpret these data and possibly find ways to recover.


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