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Productivity only: What discounting depletable natural resources does for recent historic growth figures
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History.
2016 (English)Student paper second term, 5 credits / 7,5 HE creditsStudent thesis
Abstract [en]

This essay is concerned with if the exclusion of the value of depletable resources from the normal GDP measurement, creating an Underlying GDP, would lead to a measurement that could provide insights into economic development that are significantly different from normal GDP. To try this the essay tested if normal and Underlying GDP, though only excluding the value of extracted fossil fuel, would provide the same relationship to fossil fuels extraction between 1950-2000, using database statistics on 60 countries. The study concluded that a relationship could be seen between normal GDP and fossil fuel extraction, but it could not be seen when using Underlying GDP. Hence Underlying GDP can provide significantly different insights compared to normal GDP.

Place, publisher, year, edition, pages
2016. , 31 p.
Keyword [en]
GDP, depletable resources, GDP alternative, fossil fuels, Underlying GDP.
National Category
Economic History
URN: urn:nbn:se:uu:diva-312002OAI: oai:DiVA.org:uu-312002DiVA: diva2:1062048
Available from: 2017-01-04 Created: 2017-01-04 Last updated: 2017-01-04Bibliographically approved

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