Calculating Gross Domestic Product as a Function of Labor and Capital

被引:15
|
作者
B. B. Dunaev
机构
[1] Technical Center of the National Academy of Sciences of Ukraine,
关键词
macroeconomy; simulation; capital; labor; wages; measurement;
D O I
10.1023/B:CASA.0000028104.65602.48
中图分类号
学科分类号
摘要
A model of calculation of gross domestic product (GDP) is determined with the use of macroeconomic regularities: the GDP is expressed in terms of the Cobb-Douglas production function depending on the number of workers and on the amount of capital in the production sphere; the function of real equilibrium wages depending on capital intensity of labor in the production sphere in case of full employment of population; the function of supply of labor depending on income from capital per head of population and on condition of maximum utility of housekeeping; the functions of demand for labor depending on real wages.
引用
收藏
页码:86 / 96
页数:10
相关论文
共 50 条
  • [1] GROSS DOMESTIC PRODUCT
    RAJEWSKI, Z
    [J]. EASTERN EUROPEAN ECONOMICS, 1994, 32 (04) : 71 - 80
  • [2] DOMESTIC LABOR AND CAPITAL
    HIMMELWEIT, S
    MOHUN, S
    [J]. CAMBRIDGE JOURNAL OF ECONOMICS, 1977, 1 (01) : 15 - 31
  • [3] GREEN GROWTH AND GROSS DOMESTIC PRODUCT (GDP): WHAT REPRESENTS THE NATURAL CAPITAL?
    Rihab, Belyazid
    Abdelhamid, Nechad
    [J]. ECONOMIC AND SOCIAL DEVELOPMENT: 29TH INTERNATIONAL SCIENTIFIC CONFERENCE ON ECONOMIC AND SOCIAL DEVELOPMENT, 2018, : 123 - 132
  • [4] 'GDP (Gross Domestic Product)'
    Garafola, L
    [J]. DANCE MAGAZINE, 2003, 77 (06): : 58 - 59
  • [5] Prognostication of the gross domestic product
    Bartoseviciene, Vlada
    Janusauskaite, Stase
    Motuziene, Stase
    [J]. RURAL DEVELOPMENT 2005, VOL 2, BOOK 2, PROCEEDINGS: GLOBALISATION AND INTEGRATION CHALLENGES TO RURAL DEVELOPMENT IN EASTERN AND CENTRAL EUROPE, 2005, : 211 - 213
  • [6] Foreign direct investment, exports, Gross Domestic Product and the labor market in Puerto Rico
    Basem-Hassan Lomabrdi, Miriam
    Juma'h, Ahmad H.
    Cue Garcia, Felix
    Ruiz Mercado, Angel L.
    Llorens Rivera, Antonio A.
    [J]. ECOS DE ECONOMIA, 2012, 16 (35): : 5 - 28
  • [7] FEDERAL CAPITAL EXPENDITURES AND BUDGET DEFICITS - GROSS-NATIONAL-PRODUCT AND LABOR IMPLICATIONS
    GORDON, LA
    KLEINER, MM
    NATARAJAN, R
    [J]. JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 1986, 5 (04) : 217 - 232
  • [8] ENERGY EFFICIENCY AND THE GROSS DOMESTIC PRODUCT
    Gvozdenac-Urosevic, Branka
    [J]. THERMAL SCIENCE, 2010, 14 (03): : 799 - 808
  • [9] MINIMUM WAGES AND GROSS DOMESTIC PRODUCT
    Sabia, Joseph J.
    [J]. CONTEMPORARY ECONOMIC POLICY, 2015, 33 (04) : 587 - 605
  • [10] Accounting earnings and gross domestic product
    Konchitchki, Yaniv
    Patatoukas, Panos N.
    [J]. JOURNAL OF ACCOUNTING & ECONOMICS, 2014, 57 (01): : 76 - 88