Download This PaperGO BEYOND GDP: INTRODUCING GROSS OUTPUT, THE "TOP LINE" IN NATIONAL INCOME ACCOUNTING - The Schumpeter Lecture
It is an updated version of the Schumpeter Lecture given in November, 2017, in Stockholm, Sweden.
20 Pages Posted: 13 Dec 2024 Last revised: 11 Nov 2024
Date Written: October 27, 2024
Abstract
Gross output [GO] is the natural measure of the production sector, while net output [GDP] is appropriate as a measure of welfare. Both are required in a complete system of accounts.
Keywords: gross output, macroeconomics
JEL Classification: E01, E10, E12, E14, E17, E23, E27, E32, E66
Suggested Citation: Suggested Citation
Skousen, Mark, GO BEYOND GDP: INTRODUCING GROSS OUTPUT, THE "TOP LINE" IN NATIONAL INCOME ACCOUNTING - The Schumpeter Lecture (October 27, 2024). It is an updated version of the Schumpeter Lecture given in November, 2017, in Stockholm, Sweden.
, Available at SSRN: https://ssrn.com/abstract=5002052 or http://dx.doi.org/10.2139/ssrn.5002052
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