Today's economic statistics: poorly suited when put forward as measures of well-being

Article Abstract:

Many statistical categories used in economics, such as 'gross national product' (GNP), have become inadequate due to changes in the economy. Income data may exclude the impact of taxes or capital gains, and they may not take into account hours worked, household size and number of earners per household. GNP does not take into account pollution, unpaid work, and undeclared paid work. There are also problems in estimating unemployment and the budget deficit. Theory is important in economics, and well as statistics, and the two together are strong than statistics alone.

Analysis, Statistics, Statistics (Data), Economic surveys

---

Economic policy, institutions ad economic growth in an era of globalization

Article Abstract:

Economic theorists, researchers and policy makers are primarily concerned with understanding the process of economic growth and development especially because of the broad variance among nations' growth rates. Economic theory within the context of political science has, however, performed poorly in explaining the movements of real-life economics and, as a result, has provided a woefully inadequate guide for policy construction. Therefore a revised institutionalist framework is proposed to address issues of comparative political economy.

Economic policy, Political aspects, Economic development, Institutional economics

---

Agricultural development and economic growth

Article Abstract:

External factors such as industrial policy and exchange rates play a crucial role in a country's agricultural performance. This was revealed in a study of 18 developing countries between 1960 and 1985. The study found that price interventions negatively affect agricultural prices, income distribution, growth and the budget. Several policy reforms are also outlined to help countries reap the economic benefits of agriculture.

Agricultural industry, Economic aspects, Industrial policy, Agricultural policy

Similar abstracts:

• Abstracts: "Haves" versus "have nots" in state supreme courts: allocating docket space and wins in power asymmetric cases
• Abstracts: "Haves" versus "have nots" in state supreme courts: allocating docket space and wins in power asymmetric cases. part 2
• Abstracts: Women's bodies and feminist subversions. Women's nature as a problem: conceptions of feminism
• Abstracts: Is advertising creativity primarily an individual or a social process?
• Abstracts: Female-headed families: social and economic context of racial differences. Understanding the political and legal context of MBE programs, a reply to Timothy Bates and Darrell Williams

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.