Some Problems of GDP Measurement in a Service-Digital Economy: Implications for Growth-Oriented Policies Cover Image

Problemy z pomiarem PKB w gospodarce usługowo-cyfrowej: implikacje dla polityki prowzrostowej
Some Problems of GDP Measurement in a Service-Digital Economy: Implications for Growth-Oriented Policies

Author(s): Adam Lipowski
Subject(s): Economic policy, Government/Political systems, Fiscal Politics / Budgeting, ICT Information and Communications Technologies
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: government expenditures; fiscal policy; innovative policy; post-Keynesian theory; endogenous growth; GDP measurement methods; service-digital economy;

Summary/Abstract: The article has two aims: cognitive and theoretical. The cognitive aim consists in analyzing the impact of inaccurate and controversial methods of measuring the actual and potential GDP on growth-oriented fiscal and innovative policies. The theoretical aim consists in the critical appraisal of theoretical (post-Keynesian and endogenous) foundations of growth-oriented government expenditures. As to the first aim, the author argues that inaccurate methods of GDP measurement can lead to unnecessary or excessive budgetary expenditures while controversial methods of GDP measurement can result in too high or too low budgetary spending. As to the second aim, the author maintains that theoretical foundations of growth-oriented government expenditures are incomplete because of over-looking the question of imprecision involved in measuring the aim variables of those policies.

  • Issue Year: 2017
  • Issue No: 6
  • Page Range: 619-643
  • Page Count: 25
  • Language: Polish
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