World Economics - The journal of current economic analysis and policy
Welcome 19 June 2013 Search
Article Overview
Wanted: Measures of Economic Change Ralph Turvey
Volume 2, Number 2, 2001, pages 191 - 196
Economic growth may involve change, but there can be change without economic growth insofar as outputs of some products or employment in some regions or industries grows while there are equal decreases elsewhere. National accounts data do not reveal such shifts, yet they may involve investment and disinvestment, require the acquisition of new skills and cause changes in the location of economic activities. Some simple examples are provided, demonstrating that the rate of growth and the pace of change are by no means perfectly correlated. Hence separate measures of change are required if we are to understand what is happening in the economy.




Not a subscriber? - Click here to subscribe to World Economics today.

CALL FOR PAPERS
World Economics Journal is calling for the submission of papers to the Managing Editor on economic, statistical and accounting issues connected with the production, use and utility of economic data.


FREE TRIAL
Sign up for free papers, data and analysis from World Economics.


FREE CONTENT ALERTS
To subscribe to our free 'Content Alerts' please fill in your details below:

First name:


Last name:


Email:

Copyright © 2013 Economic and Financial Publishing Ltd. All rights reserved. Home |  Site Map |  Terms of Use |  Privacy Policy